StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA - Free Report) from a buy rating to a strong-buy rating in a report published on Wednesday morning.
Separately, Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective on the stock.
Read Our Latest Stock Analysis on MPAA
Motorcar Parts of America Stock Performance
Shares of MPAA traded up $0.73 during trading hours on Wednesday, hitting $9.30. The company had a trading volume of 219,388 shares, compared to its average volume of 45,079. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $9.87. The firm has a market cap of $184.61 million, a price-to-earnings ratio of -2.66 and a beta of 1.47. The business has a fifty day moving average of $7.36 and a 200-day moving average of $6.69. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12.
Hedge Funds Weigh In On Motorcar Parts of America
A number of hedge funds have recently bought and sold shares of MPAA. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the third quarter valued at about $79,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Motorcar Parts of America during the fourth quarter valued at approximately $161,000. Bailard Inc. bought a new position in Motorcar Parts of America in the fourth quarter worth $201,000. Jane Street Group LLC bought a new position in Motorcar Parts of America in the fourth quarter worth $266,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Motorcar Parts of America during the third quarter valued at $281,000. 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.
Read More
Before you consider Motorcar Parts of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Motorcar Parts of America wasn't on the list.
While Motorcar Parts of America currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
