Motorcar Parts of America, Inc. (
NASDAQ:MPAA -
Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.67 and traded as high as $16.63. Motorcar Parts of America shares last traded at $16.54, with a volume of 343,189 shares changing hands.
Motorcar Parts of America Stock Performance
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 stock has a market cap of $320.05 million, a price-to-earnings ratio of 236.32 and a beta of 1.44. The firm has a fifty day moving average of $14.16 and a 200 day moving average of $11.67.
Institutional Investors Weigh In On Motorcar Parts of America
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased 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 purchasing an additional 933 shares during the last quarter. Squarepoint Ops LLC grew its position in Motorcar Parts of America by 268.2% in the second quarter. Squarepoint Ops LLC now owns 45,004 shares of the auto parts company's stock worth $504,000 after acquiring an additional 32,781 shares during the period. Evergreen Capital Management LLC purchased a new position in Motorcar Parts of America in the second quarter worth approximately $224,000. Man Group plc purchased a new position in Motorcar Parts of America in the second quarter worth approximately $745,000. Finally, Lazard Asset Management LLC grew its position in Motorcar Parts of America by 4.5% in 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 period. Institutional investors and hedge funds 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.
Further Reading
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