Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.45 and traded as high as $13.98. Motorcar Parts of America shares last traded at $13.96, with a volume of 455,820 shares.
Analyst Ratings Changes
Separately, Wall Street Zen raised 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, According to MarketBeat.com, Motorcar Parts of America presently has an average rating of "Buy" and an average price target of $14.00.
Check Out Our Latest Analysis on MPAA
Motorcar Parts of America Stock Up 0.9%
The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $290.83 million, a price-to-earnings ratio of 214.74 and a beta of 1.39. The firm has a 50-day moving average of $12.04 and a two-hundred day moving average of $10.69.
Hedge Funds Weigh In On Motorcar Parts of America
Large investors have recently made changes to their positions in the business. Pure Financial Advisors LLC acquired a new position in Motorcar Parts of America in the 2nd quarter valued at approximately $5,781,000. Marshall Wace LLP raised its holdings in Motorcar Parts of America by 96.6% in the 2nd quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company's stock valued at $5,667,000 after acquiring an additional 248,637 shares in the last quarter. Geode Capital Management LLC raised its holdings in Motorcar Parts of America by 100.6% in the 2nd quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company's stock valued at $5,031,000 after acquiring an additional 225,225 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in Motorcar Parts of America in the 1st quarter valued at approximately $1,425,000. Finally, American Century Companies Inc. raised its holdings in Motorcar Parts of America by 53.6% in the 2nd quarter. American Century Companies Inc. now owns 399,618 shares of the auto parts company's stock valued at $4,476,000 after acquiring an additional 139,513 shares in 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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