Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.32 and traded as high as $8.17. Motorcar Parts of America shares last traded at $7.64, with a volume of 79,953 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th.
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Motorcar Parts of America Trading Up 2.2 %
The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $6.33. The firm has a market capitalization of $155.04 million, a price-to-earnings ratio of -2.23 and a beta of 1.53.
Insiders Place Their Bets
In other news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the acquisition, the director now directly owns 320,300 shares of the company's stock, valued at approximately $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. raised its position in Motorcar Parts of America by 10.6% in the third quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company's stock valued at $7,690,000 after purchasing an additional 99,958 shares during the period. Pacific Ridge Capital Partners LLC increased its position in shares of Motorcar Parts of America by 31.8% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company's stock worth $6,852,000 after purchasing an additional 267,927 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 buying an additional 98,700 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company's stock valued at $312,000 after buying an additional 7,198 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company's stock valued at $709,000 after buying an additional 8,000 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.
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.
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