Motorcar Parts of America (NASDAQ:MPAA) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.42 and traded as high as $8.22. Motorcar Parts of America shares last traded at $8.05, with a volume of 83,633 shares traded.

Analyst Upgrades and Downgrades

MPAA has been the topic of a number of recent analyst reports. Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They set an "overweight" rating and a $14.00 price target on the stock. StockNews.com raised shares of Motorcar Parts of America from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.

Motorcar Parts of America Stock Performance

The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $159.81 million, a price-to-earnings ratio of -2.30 and a beta of 1.53. The firm has a fifty day moving average of $6.89 and a 200-day moving average of $6.45.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the transaction, the director now directly owns 320,300 shares of the company's stock, valued at $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Motorcar Parts of America

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC increased its position in Motorcar Parts of America by 31.8% during the second quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company's stock worth $6,852,000 after buying an additional 267,927 shares in the last quarter. Donald Smith & CO. Inc. increased its position in Motorcar Parts of America by 23.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 940,587 shares of the auto parts company's stock worth $5,803,000 after purchasing an additional 176,725 shares in the last quarter. Renaissance Technologies LLC raised its stake in Motorcar Parts of America by 829.4% in the 2nd quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company's stock valued at $682,000 after purchasing an additional 98,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Motorcar Parts of America by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company's stock valued at $5,890,000 after purchasing an additional 64,408 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 3rd quarter worth about $281,000. Hedge funds and other institutional investors own 83.48% of the company's stock.

About Motorcar Parts of America

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.