Motorcar Parts of America (NASDAQ:MPAA) Stock Rating Lowered by Wall Street Zen

Motorcar Parts of America (NASDAQ:MPAA) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

MPAA has been the subject of a number of other reports. Weiss Ratings cut Motorcar Parts of America from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.00.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA opened at $12.46 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.44 and a quick ratio of 0.39. The stock has a market cap of $235.87 million, a price-to-earnings ratio of -40.19 and a beta of 1.16. The company has a 50 day moving average of $14.16 and a 200-day moving average of $12.14. Motorcar Parts of America has a one year low of $9.29 and a one year high of $18.12.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Monday, August 10th. The auto parts company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.91). Motorcar Parts of America had a negative net margin of 0.53% and a negative return on equity of 0.57%. The business had revenue of $168.02 million during the quarter, compared to analyst estimates of $183.00 million. On average, sell-side analysts forecast that Motorcar Parts of America will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Motorcar Parts of America

In other news, SVP Jamie Leigh Cook sold 14,074 shares of Motorcar Parts of America stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total transaction of $211,532.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Motorcar Parts of America

Several hedge funds have recently added to or reduced their stakes in MPAA. BNP Paribas Financial Markets grew its stake in Motorcar Parts of America by 2,191.3% in the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 2,761 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $63,000. Quarry LP lifted its holdings in shares of Motorcar Parts of America by 1,117.9% during the 3rd quarter. Quarry LP now owns 4,214 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 3,868 shares in the last quarter. State of Wyoming acquired a new position in shares of Motorcar Parts of America in the 2nd quarter valued at approximately $74,000. Finally, JPMorgan Chase & Co. grew its position in shares of Motorcar Parts of America by 7,127.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock valued at $98,000 after purchasing an additional 8,624 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Company Profile

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.