Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.94 and traded as high as $11.45. Motorcar Parts of America shares last traded at $10.82, with a volume of 137,713 shares traded.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MPAA. StockNews.com cut Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective on the stock.
Check Out Our Latest Research Report on MPAA
Motorcar Parts of America Stock Down 2.5 %
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 business's fifty day moving average price is $7.86 and its 200 day moving average price is $7.01. The company has a market capitalization of $206.12 million, a P/E ratio of -10.64 and a beta of 1.47.
Institutional Investors Weigh In On Motorcar Parts of America
Hedge funds have recently made changes to their positions in the company. Barclays PLC bought a new stake in Motorcar Parts of America during the third quarter worth about $79,000. Balyasny Asset Management L.P. bought a new position in Motorcar Parts of America in the 4th quarter valued at $88,000. OMERS ADMINISTRATION Corp acquired a new position in Motorcar Parts of America in the fourth quarter worth $97,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at $161,000. Finally, Bailard Inc. acquired a new stake in Motorcar Parts of America in the 4th quarter valued at 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.
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