Motorcar Parts of America (NASDAQ:MPAA) Upgraded to “Strong-Buy” at 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 report issued on Monday.

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

Motorcar Parts of America Stock Performance

Shares of NASDAQ:MPAA traded down $0.05 during trading on Monday, hitting $10.17. 199,868 shares of the stock traded hands, compared to its average volume of 125,499. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market cap of $199.17 million, a price-to-earnings ratio of -10.27 and a beta of 1.35. The company has a fifty day moving average price of $8.15 and a two-hundred day moving average price of $7.18. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $11.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its holdings in Motorcar Parts of America by 4.7% in the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock valued at $399,000 after buying an additional 2,347 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Motorcar Parts of America by 0.3% in the fourth 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 in the last quarter. Captrust Financial Advisors boosted its holdings in Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Motorcar Parts of America by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company’s stock valued at $1,643,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Equitable Trust Co. boosted its holdings in 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 in the last quarter. 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.