Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.89 and traded as high as $8.89. Motorcar Parts of America shares last traded at $8.80, with a volume of 33,747 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 22nd.
View Our Latest Stock Analysis on Motorcar Parts of America
Motorcar Parts of America Trading Down 3.5 %
The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The business's 50-day moving average price is $9.81 and its two-hundred day moving average price is $7.97. The company has a market capitalization of $179.00 million, a P/E ratio of -9.23 and a beta of 1.29.
Institutional Investors Weigh In On Motorcar Parts of America
A number of hedge funds have recently modified their holdings of the business. Barclays PLC acquired a new stake in Motorcar Parts of America during the 3rd quarter worth approximately $79,000. Balyasny Asset Management L.P. bought a new stake in Motorcar Parts of America in the 4th quarter valued at $88,000. OMERS ADMINISTRATION Corp bought a new position in Motorcar Parts of America during the 4th quarter worth about $97,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $161,000. Finally, Bailard Inc. bought a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $201,000. 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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