Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Tuesday.
Motorcar Parts of America Stock Down 3.5 %
Shares of MPAA stock traded down $0.33 on Tuesday, hitting $9.14. The stock had a trading volume of 64,495 shares, compared to its average volume of 93,236. The business has a 50 day moving average of $9.81 and a 200 day moving average of $7.97. The stock has a market cap of $179.00 million, a price-to-earnings ratio of -9.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. Motorcar Parts of America has a 12-month low of $4.36 and a 12-month high of $11.89.
Institutional Trading of Motorcar Parts of America
Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Legacy Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $580,000. Bailard Inc. purchased a new stake in Motorcar Parts of America during the fourth quarter worth about $201,000. Barclays PLC purchased a new stake in Motorcar Parts of America during the third quarter worth about $79,000. Geode Capital Management LLC increased its holdings in Motorcar Parts of America by 15.1% during the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company's stock worth $1,574,000 after buying an additional 27,961 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock worth $8,480,000 after buying an additional 162,797 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company's stock.
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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