Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.44 and traded as high as $12.04. Motorcar Parts of America shares last traded at $11.93, with a volume of 123,658 shares.
Wall Street Analysts Forecast Growth
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.
View Our Latest Research Report on MPAA
Motorcar Parts of America Stock Performance
The firm has a market cap of $231.87 million, a PE ratio of -11.93 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43. The stock has a 50-day moving average price of $10.85 and a 200 day moving average price of $9.44.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Motorcar Parts of America by 294.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company's stock worth $1,002,000 after purchasing an additional 78,695 shares during the period. Acadian Asset Management LLC raised its position in shares of Motorcar Parts of America by 64.6% during the 1st quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company's stock worth $343,000 after purchasing an additional 14,251 shares during the period. Jane Street Group LLC raised its position in shares of Motorcar Parts of America by 156.0% during the 1st quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company's stock worth $852,000 after purchasing an additional 54,681 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Motorcar Parts of America during the 1st quarter worth approximately $234,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Motorcar Parts of America by 227.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 41,900 shares of the auto parts company's stock worth $398,000 after purchasing an additional 29,100 shares during the period. Hedge funds and other institutional investors own 83.48% of the company's stock.
Motorcar Parts of America Company Profile
(
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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