Free Trial

Motorcar Parts of America (NASDAQ:MPAA) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Motorcar Parts of America logo with Auto/Tires/Trucks background

Key Points

  • Shares of Motorcar Parts of America (NASDAQ:MPAA) recently surpassed their 200-day moving average, indicating potential upward momentum, trading as high as $15.18.
  • Wall Street Zen upgraded the stock from a "buy" to a "strong-buy" rating, while the average target price remains at $14.00.
  • Institutional investors hold 83.48% of MPAA's stock, with recent notable purchases totaling over $1.7 million from various hedge funds in 2023.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.81 and traded as high as $15.18. Motorcar Parts of America shares last traded at $14.90, with a volume of 112,794 shares.

Analyst Ratings Changes

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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $14.00.

View Our Latest Analysis on Motorcar Parts of America

Motorcar Parts of America Stock Up 3.0%

The stock has a 50-day moving average of $12.61 and a 200-day moving average of $10.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.42. The firm has a market cap of $287.73 million, a price-to-earnings ratio of 212.46 and a beta of 1.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its stake in shares of 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 purchasing an additional 933 shares in 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 valued at $504,000 after buying an additional 32,781 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Motorcar Parts of America in the 2nd quarter valued at approximately $224,000. Man Group plc acquired a new stake in Motorcar Parts of America during the 2nd quarter worth approximately $745,000. Finally, Lazard Asset Management LLC grew its holdings in Motorcar Parts of America by 4.5% during the 2nd quarter. Lazard Asset Management LLC now owns 27,805 shares of the auto parts company's stock worth $311,000 after acquiring an additional 1,191 shares during the last quarter. 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.

See Also

Should You Invest $1,000 in Motorcar Parts of America Right Now?

Before you consider Motorcar Parts of America, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Motorcar Parts of America wasn't on the list.

While Motorcar Parts of America currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.