Motorcar Parts of America (NASDAQ:MPAA) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Motorcar Parts of America received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook on the stock.
• Zacks Research recently upgraded the company from a "strong sell" to a "hold" rating, contributing to the stock's overall consensus rating of "Hold" with a target price of $14.00.
• Institutional investors control 83.48% of the company's stock, suggesting significant confidence from large stakeholder entities.

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Separately, Zacks Research upgraded Motorcar Parts of America from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.00.

Motorcar Parts of America Price Performance

MPAA opened at $16.92 on Friday. The stock has a 50-day moving average price of $15.52 and a 200-day moving average price of $12.43. The stock has a market capitalization of $327.40 million, a P/E ratio of 241.75 and a beta of 1.43. The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. Motorcar Parts of America has a 12-month low of $5.16 and a 12-month high of $17.72.

Institutional Investors Weigh In On Motorcar Parts of America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corton Capital Inc. acquired a new position in shares of Motorcar Parts of America in the first quarter valued at about $119,000. XTX Topco Ltd purchased a new stake in Motorcar Parts of America in the first quarter worth $183,000. Truffle Hound Capital LLC bought a new position in Motorcar Parts of America in the first quarter valued at about $1,425,000. Charles Schwab Investment Management Inc. purchased a new position in Motorcar Parts of America during the 1st quarter valued at approximately $95,000. Finally, Donald Smith & CO. Inc. raised its position in Motorcar Parts of America by 0.4% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company's stock valued at $9,729,000 after purchasing an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Company Profile

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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