Motorcar Parts of America (NASDAQ:MPAA) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.52 and traded as high as $8.12. Motorcar Parts of America shares last traded at $7.92, with a volume of 49,608 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in 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. Cantor Fitzgerald began 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 for the company.

Motorcar Parts of America Trading Down 2.4 %

The business has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $6.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43. The company has a market cap of $153.46 million, a price-to-earnings ratio of -2.21 and a beta of 1.49.

Insider Buying and Selling

In related news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the transaction, the director now directly owns 320,300 shares of the company's stock, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Motorcar Parts of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Motorcar Parts of America by 4.8% in the second quarter. Victory Capital Management Inc. now owns 88,000 shares of the auto parts company's stock valued at $543,000 after acquiring an additional 4,000 shares during the last quarter. American Century Companies Inc. lifted its position in Motorcar Parts of America by 2.2% during the 2nd quarter. American Century Companies Inc. now owns 209,443 shares of the auto parts company's stock valued at $1,292,000 after purchasing an additional 4,595 shares during the period. Perritt Capital Management Inc boosted its stake in shares of Motorcar Parts of America by 6.7% in the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company's stock valued at $482,000 after purchasing an additional 4,867 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Motorcar Parts of America by 24.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company's stock worth $216,000 after buying an additional 6,979 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Motorcar Parts of America by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company's stock worth $5,890,000 after buying an additional 64,408 shares during the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

Motorcar Parts of America Company Profile

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.