Motorcar Parts of America (NASDAQ:MPAA) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Motorcar Parts of America stock price recently crossed above its 200-day moving average, indicating a price of $16.27 compared to the average of $11.24.
• Institutional investors hold a significant stake in the company, with 83.48% of the stock currently owned by them, including notable increases in shares by JPMorgan Chase & Co. and BNP Paribas Financial Markets.
• The company's financial metrics show a debt-to-equity ratio of 0.16 and a P/E ratio of 232.46, indicating a favorable debt position but potentially high valuation relative to earnings.

Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.24 and traded as high as $16.53. Motorcar Parts of America shares last traded at $16.27, with a volume of 193,343 shares trading hands.

Motorcar Parts of America Trading Up 0.4%

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 company has a market capitalization of $320.44 million, a price-to-earnings ratio of 236.61 and a beta of 1.44. The business's 50 day simple moving average is $13.44 and its 200 day simple moving average is $11.36.

Institutional Trading of Motorcar Parts of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in shares of Motorcar Parts of America by 4.1% in the second quarter. Osaic Holdings Inc. now owns 23,712 shares of the auto parts company's stock valued at $266,000 after acquiring an additional 933 shares in the last quarter. Lazard Asset Management LLC raised its position in Motorcar Parts of America by 4.5% during the second 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. Invesco Ltd. raised its position in Motorcar Parts of America by 5.4% during the second quarter. Invesco Ltd. now owns 39,479 shares of the auto parts company's stock worth $442,000 after acquiring an additional 2,009 shares during the last quarter. Northern Trust Corp raised its position in Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after acquiring an additional 2,347 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position 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 during the last quarter. Hedge funds and other institutional investors own 83.48% of the company's stock.

About Motorcar Parts of America

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.