Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) shares passed 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.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.
Read Our Latest Research Report on MPAA
Motorcar Parts of America Stock Up 0.2%
The stock has a market capitalization of $240.86 million, a price-to-earnings ratio of -12.39 and a beta of 1.35. The business has a 50-day moving average of $10.60 and a 200-day moving average of $9.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.46.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in Motorcar Parts of America by 294.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company's stock valued at $1,002,000 after buying an additional 78,695 shares during the last quarter. Acadian Asset Management LLC lifted its position in Motorcar Parts of America by 64.6% in the first quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company's stock valued at $343,000 after buying an additional 14,251 shares during the last quarter. Jane Street Group LLC lifted its position in Motorcar Parts of America by 156.0% in the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company's stock valued at $852,000 after buying an additional 54,681 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Motorcar Parts of America in the first quarter valued at about $234,000. Finally, OMERS ADMINISTRATION Corp lifted its position in Motorcar Parts of America by 227.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 41,900 shares of the auto parts company's stock valued at $398,000 after buying an additional 29,100 shares during the last quarter. Institutional investors and hedge funds 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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