Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.80 and traded as high as $8.90. Motorcar Parts of America shares last traded at $8.75, with a volume of 48,262 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Cantor Fitzgerald began coverage on Motorcar Parts of America in a report on Friday, December 20th. They issued an "overweight" rating and a $14.00 price objective for the company. StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Monday.
Read Our Latest Report on Motorcar Parts of America
Motorcar Parts of America Trading Down 1.7 %
The company has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $7.84. 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 market capitalization of $172.24 million, a PE ratio of -8.88 and a beta of 1.29.
Institutional Investors Weigh In On Motorcar Parts of America
Large investors have recently modified their holdings of the stock. Tieton Capital Management LLC grew its position in Motorcar Parts of America by 22.8% in the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock valued at $9,077,000 after buying an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Motorcar Parts of America by 17.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock valued at $8,480,000 after acquiring an additional 162,797 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after acquiring an additional 2,960 shares during the period. Geode Capital Management LLC raised its holdings in Motorcar Parts of America by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock worth $1,643,000 after purchasing an additional 3,025 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Motorcar Parts of America by 10.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock valued at $1,083,000 after purchasing an additional 13,644 shares during the period. Hedge funds and other institutional investors own 83.48% of the company's stock.
Motorcar Parts of America Company Profile
(
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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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