Motorcar Parts of America (NASDAQ:MPAA) Stock Rating Upgraded by StockNews.com

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 note issued to investors on Monday.

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

Motorcar Parts of America Stock Performance

NASDAQ MPAA opened at $10.61 on Monday. 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’s fifty day moving average price is $8.21 and its two-hundred day moving average price is $7.21. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $11.89. The firm has a market capitalization of $207.79 million, a P/E ratio of -10.72 and a beta of 1.34.

Hedge Funds Weigh In On Motorcar Parts of America

Several large investors have recently modified their holdings of MPAA. Equitable Trust Co. raised its position in shares of Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 5,780 shares during the period. Victory Capital Management Inc. increased its position in Motorcar Parts of America by 9.1% during the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after acquiring an additional 8,000 shares during the period. Oppenheimer Asset Management Inc. increased its position in Motorcar Parts of America by 20.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after acquiring an additional 7,198 shares during the period. Captrust Financial Advisors grew its position in shares of Motorcar Parts of America by 3.1% during the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after purchasing an additional 3,005 shares in the last quarter. Finally, Barclays PLC acquired a new stake in shares of Motorcar Parts of America in the third quarter valued at approximately $79,000. 83.48% of the stock is owned by institutional investors.

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.