StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA - Free Report) from a buy rating to a strong-buy rating in a report issued on Thursday.
Motorcar Parts of America Stock Performance
NASDAQ MPAA traded up $0.12 during trading hours on Thursday, reaching $9.95. The stock had a trading volume of 27,727 shares, compared to its average volume of 92,742. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $11.89. The stock has a fifty day moving average of $9.55 and a 200 day moving average of $8.24. The stock has a market cap of $194.86 million, a P/E ratio of -10.05 and a beta of 1.32.
Institutional Trading of Motorcar Parts of America
Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Motorcar Parts of America during the 1st quarter worth $95,000. Barclays PLC acquired a new position in Motorcar Parts of America during the 3rd quarter worth approximately $79,000. Balyasny Asset Management L.P. acquired a new stake in shares of Motorcar Parts of America during the 4th quarter worth about $88,000. Corton Capital Inc. acquired a new position in Motorcar Parts of America in the 1st quarter valued at $119,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Motorcar Parts of America during the 4th quarter worth $97,000. Institutional investors and hedge funds own 83.48% of the company's stock.
Motorcar Parts of America Company Profile
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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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