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

StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a buy rating to a strong-buy rating in a report released on Friday.

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

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $10.32 on Friday. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The stock’s fifty day moving average price is $8.71 and its two-hundred day moving average price is $7.44. The firm has a market cap of $202.11 million, a PE ratio of -10.42 and a beta of 1.35.

Hedge Funds Weigh In On Motorcar Parts of America

Large investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Balyasny Asset Management L.P. bought a new stake in shares of Motorcar Parts of America during the fourth quarter valued at about $88,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Motorcar Parts of America during the fourth quarter valued at about $97,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Motorcar Parts of America in the fourth quarter valued at approximately $161,000. Finally, Bailard Inc. bought a new position in shares of Motorcar Parts of America in the fourth quarter valued at approximately $201,000. 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.