Motorcar Parts of America (NASDAQ:MPAA) Upgraded at StockNews.com

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

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

Motorcar Parts of America Price Performance

Motorcar Parts of America stock opened at $10.39 on Friday. The business has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $7.40. Motorcar Parts of America has a 52 week low of $4.36 and a 52 week high of $11.89. The stock has a market cap of $203.48 million, a price-to-earnings ratio of -10.49 and a beta of 1.35. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Motorcar Parts of America by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock valued at $7,306,000 after purchasing an additional 2,960 shares during the last quarter. Captrust Financial Advisors raised its holdings 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 valued at $736,000 after buying an additional 3,005 shares in the last quarter. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company’s stock worth $1,643,000 after buying an additional 3,025 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after buying an additional 8,000 shares in the last quarter. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

About Motorcar Parts of America

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.