Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.
Motorcar Parts of America Stock Performance
NASDAQ:MPAA traded down $0.15 during trading on Friday, reaching $10.73. The company's stock had a trading volume of 132,623 shares, compared to its average volume of 93,455. The firm has a market cap of $210.14 million, a price-to-earnings ratio of -10.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The firm has a 50 day moving average of $9.57 and a 200-day moving average of $8.37. 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
A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. purchased a new stake in shares of Motorcar Parts of America in the 1st quarter valued at about $95,000. Barclays PLC purchased a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at about $79,000. Balyasny Asset Management L.P. purchased a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $88,000. Corton Capital Inc. purchased a new stake in shares of Motorcar Parts of America in the 1st quarter valued at about $119,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $97,000. Hedge funds and other institutional investors own 83.48% of the company's stock.
About Motorcar Parts of America
(
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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