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Motorcar Parts of America (NASDAQ:MPAA) Rating Increased to Strong-Buy at StockNews.com

Motorcar Parts of America logo with Auto/Tires/Trucks background

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.

Separately, Cantor Fitzgerald started coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an "overweight" rating and a $14.00 target price on the stock.

View Our Latest Research Report on MPAA

Motorcar Parts of America Stock Performance

Shares of NASDAQ:MPAA traded up $0.26 during midday trading on Friday, hitting $10.58. The stock had a trading volume of 77,610 shares, compared to its average volume of 90,899. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $11.89. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $8.71 and a two-hundred day moving average price of $7.44. The company has a market capitalization of $207.20 million, a PE ratio of -10.69 and a beta of 1.35.

Institutional Investors Weigh In On Motorcar Parts of America

A number of institutional investors and hedge funds have recently modified their holdings of MPAA. Barclays PLC purchased a new stake in Motorcar Parts of America during the third quarter worth $79,000. Balyasny Asset Management L.P. acquired a new stake in Motorcar Parts of America in the 4th quarter valued at about $88,000. OMERS ADMINISTRATION Corp purchased a new position in Motorcar Parts of America during the 4th quarter valued at about $97,000. Schonfeld Strategic Advisors LLC purchased a new position in Motorcar Parts of America during the 4th quarter valued at about $161,000. Finally, Bailard Inc. acquired a new position in Motorcar Parts of America during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Company Profile

(Get Free Report)

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.

Further Reading

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