Motorcar Parts of America (NASDAQ:MPAA) Rating Increased to Hold at Zacks Research

Key Points

• Motorcar Parts of America has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a more favorable view on the stock's performance.
• The stock currently has an average price target of $14.00 with a market capitalization of approximately $306.34 million.
• Institutional investors hold 83.48% of the company's stock, indicating strong institutional interest and investment in Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Motorcar Parts of America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.00.

Motorcar Parts of America Stock Up 2.9%

Shares of NASDAQ:MPAA opened at $15.83 on Monday. The stock's 50-day moving average price is $15.03 and its 200-day moving average price is $12.03. Motorcar Parts of America has a 12-month low of $5.16 and a 12-month high of $17.72. The stock has a market capitalization of $306.34 million, a P/E ratio of 226.18 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC purchased a new position in Motorcar Parts of America during the third quarter valued at $314,000. Osaic Holdings Inc. raised its stake in Motorcar Parts of America by 4.1% during the second quarter. Osaic Holdings Inc. now owns 23,712 shares of the auto parts company's stock valued at $266,000 after buying an additional 933 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Motorcar Parts of America by 268.2% in the 2nd quarter. Squarepoint Ops LLC now owns 45,004 shares of the auto parts company's stock worth $504,000 after acquiring an additional 32,781 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Motorcar Parts of America in the 2nd quarter worth approximately $224,000. Finally, Man Group plc bought a new stake in Motorcar Parts of America in the 2nd quarter worth approximately $745,000. Hedge funds and other institutional investors 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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