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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $14.00.
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Motorcar Parts of America Price Performance
The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44. The firm has a market capitalization of $288.32 million, a P/E ratio of 212.89 and a beta of 1.43. The company has a 50-day moving average price of $12.34 and a 200-day moving average price of $10.89.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in Motorcar Parts of America by 2,191.3% during the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company's stock worth $32,000 after acquiring an additional 2,761 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Motorcar Parts of America during the second quarter worth about $45,000. JPMorgan Chase & Co. lifted its holdings in Motorcar Parts of America by 7,127.3% during the second quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company's stock worth $98,000 after acquiring an additional 8,624 shares in the last quarter. New York State Common Retirement Fund bought a new position in Motorcar Parts of America during the second quarter worth about $109,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Motorcar Parts of America during the second quarter worth about $112,000. 83.48% of the stock is currently owned by institutional investors.
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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