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 $7.32 and traded as high as $11.64. Motorcar Parts of America shares last traded at $11.60, with a volume of 261,625 shares traded.
Wall Street Analyst Weigh In
MPAA has been the subject of a number of recent research reports. StockNews.com raised shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Friday. Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They set an "overweight" rating and a $14.00 target price for the company.
Check Out Our Latest Report on MPAA
Motorcar Parts of America Price Performance
The firm has a fifty day moving average price of $8.64 and a two-hundred day moving average price of $7.40. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $201.03 million, a P/E ratio of -10.37 and a beta of 1.35.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MPAA. Northern Trust Corp raised its holdings in Motorcar Parts of America by 4.7% in the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after acquiring an additional 2,347 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Motorcar Parts of America by 0.3% in 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. Captrust Financial Advisors raised its stake in Motorcar Parts of America by 3.1% during the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company's stock valued at $736,000 after buying an additional 3,005 shares during the last quarter. Geode Capital Management LLC raised its stake in Motorcar Parts of America by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after buying an additional 3,025 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Motorcar Parts of America by 20.6% during 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. 83.48% of the stock is owned by hedge funds and other institutional investors.
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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