StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA - Free Report) from a buy rating to a strong-buy rating in a research note published on Wednesday.
Motorcar Parts of America Price Performance
Shares of NASDAQ:MPAA traded up $0.37 during trading on Wednesday, reaching $9.87. 34,002 shares of the company's stock traded hands, compared to its average volume of 93,031. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The company has a 50-day simple moving average of $9.68 and a 200-day simple moving average of $8.08. The firm has a market cap of $193.29 million, a PE ratio of -9.99 and a beta of 1.29.
Institutional Investors Weigh In On Motorcar Parts of America
A number of institutional investors have recently added to or reduced their stakes in the stock. Atlas Legacy Advisors LLC purchased a new stake in Motorcar Parts of America during the 4th quarter worth approximately $580,000. Bailard Inc. purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $201,000. Barclays PLC acquired a new stake in shares of Motorcar Parts of America in the third quarter valued at about $79,000. Geode Capital Management LLC lifted its stake in shares of Motorcar Parts of America by 15.1% in 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 in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in Motorcar Parts of America by 17.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock worth $8,480,000 after purchasing an additional 162,797 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.
Motorcar Parts of America Company Profile
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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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