Motorcar Parts of America (NASDAQ:MPAA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.11 and traded as high as $13.86. Motorcar Parts of America shares last traded at $13.79, with a volume of 75,113 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on MPAA. Wall Street Zen raised shares of Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Weiss Ratings raised shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Motorcar Parts of America Trading Up 1.8%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.47 and a current ratio of 1.46. The company has a 50 day simple moving average of $13.41 and a two-hundred day simple moving average of $12.11. The firm has a market cap of $260.91 million, a PE ratio of 25.07 and a beta of 1.14.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.The firm had revenue of $212.28 million during the quarter, compared to analysts’ expectations of $175.96 million. During the same period last year, the business posted ($0.04) earnings per share. Analysts expect that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Motorcar Parts of America

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Motorcar Parts of America in the 1st quarter valued at $234,000. Goldman Sachs Group Inc. increased its stake in shares of Motorcar Parts of America by 294.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company’s stock worth $1,002,000 after acquiring an additional 78,695 shares during the period. Jane Street Group LLC raised its holdings in shares of Motorcar Parts of America by 156.0% during the first 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 last quarter. Acadian Asset Management LLC raised its holdings in shares of Motorcar Parts of America by 64.6% during the first 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 last quarter. Finally, Geode Capital Management LLC lifted its position in Motorcar Parts of America by 100.6% during the second quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock valued at $5,031,000 after purchasing an additional 225,225 shares during the period. 83.48% of the stock is owned by hedge funds and other institutional investors.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.