StockNews.com Upgrades Motorcar Parts of America (NASDAQ:MPAA) to Strong-Buy

Motorcar Parts of America (NASDAQ:MPAA) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

Separately, Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective on the stock.

Motorcar Parts of America Stock Up 0.3 %

NASDAQ:MPAA traded up $0.03 during trading hours on Monday, hitting $8.78. 55,559 shares of the stock traded hands, compared to its average volume of 93,709. The firm has a market cap of $171.95 million, a price-to-earnings ratio of -8.87 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $9.53 and a 200 day moving average price of $7.81. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $11.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC bought a new stake in shares of Motorcar Parts of America in the third quarter valued at approximately $79,000. Balyasny Asset Management L.P. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at $88,000. OMERS ADMINISTRATION Corp bought a new stake in Motorcar Parts of America during the fourth quarter worth about $97,000. Schonfeld Strategic Advisors LLC bought a new position in Motorcar Parts of America in the 4th quarter valued at $161,000. Finally, Bailard Inc. bought a new stake in Motorcar Parts of America during the 4th quarter worth about $201,000. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Company Profile

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.