Motorcar Parts of America (NASDAQ:MPAA) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.00 and traded as high as $6.18. Motorcar Parts of America shares last traded at $6.06, with a volume of 27,662 shares changing hands.

Motorcar Parts of America Trading Up 0.2 %

The company’s 50 day simple moving average is $6.32 and its 200 day simple moving average is $6.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.38 and a quick ratio of 0.35. The firm has a market cap of $119.15 million, a price-to-earnings ratio of -2.33 and a beta of 1.41.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, August 8th. The auto parts company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.39). Motorcar Parts of America had a negative return on equity of 0.93% and a negative net margin of 9.06%. The company had revenue of $169.89 million for the quarter, compared to analyst estimates of $172.50 million. As a group, research analysts expect that Motorcar Parts of America, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at Motorcar Parts of America

In other news, major shareholder 325 Capital Llc acquired 16,608 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $6.73 per share, with a total value of $111,771.84. Following the transaction, the insider now owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new position in Motorcar Parts of America in the first quarter valued at approximately $90,000. Privium Fund Management UK Ltd lifted its position in shares of Motorcar Parts of America by 22.4% during the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock worth $163,000 after buying an additional 5,038 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Motorcar Parts of America by 24.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after buying an additional 6,979 shares in the last quarter. Perritt Capital Management Inc grew its position in shares of Motorcar Parts of America by 6.7% in the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after buying an additional 4,867 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Motorcar Parts of America by 72.1% during the 2nd quarter. Squarepoint Ops LLC now owns 84,221 shares of the auto parts company’s stock worth $520,000 after acquiring an additional 35,285 shares in the last quarter. Hedge funds and other institutional investors 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.