Motorcar Parts of America (NASDAQ:MPAA – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.
Motorcar Parts of America Price Performance
Shares of MPAA opened at $8.96 on Wednesday. The company has a market capitalization of $175.47 million, a price-to-earnings ratio of -9.05 and a beta of 1.29. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The firm has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $8.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MPAA. Barclays PLC purchased a new position in Motorcar Parts of America in the 3rd quarter valued at $79,000. Balyasny Asset Management L.P. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter worth $88,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $97,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth about $161,000. Finally, Bailard Inc. purchased a new position in Motorcar Parts of America during the fourth quarter worth about $201,000. Institutional investors and hedge funds 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.
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