Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.27 and traded as high as $12.44. Motorcar Parts of America shares last traded at $12.36, with a volume of 249,092 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.
View Our Latest Stock Report on Motorcar Parts of America
Motorcar Parts of America Stock Performance
The firm has a 50 day moving average of $10.47 and a two-hundred day moving average of $9.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43. The stock has a market cap of $240.28 million, a PE ratio of -12.36 and a beta of 1.35.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of MPAA. Goldman Sachs Group Inc. raised its stake in Motorcar Parts of America by 294.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company's stock worth $1,002,000 after acquiring an additional 78,695 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Motorcar Parts of America by 64.6% during the first quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company's stock worth $343,000 after purchasing an additional 14,251 shares in the last quarter. Jane Street Group LLC increased its position in shares of Motorcar Parts of America by 156.0% during the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company's stock worth $852,000 after purchasing an additional 54,681 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Motorcar Parts of America in the 1st quarter valued at about $234,000. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Motorcar Parts of America by 227.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 41,900 shares of the auto parts company's stock valued at $398,000 after purchasing an additional 29,100 shares during the period. Institutional investors and hedge funds 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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