Motorcar Parts of America (NASDAQ:MPAA) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.80 and traded as high as $8.90. Motorcar Parts of America shares last traded at $8.75, with a volume of 48,262 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MPAA shares. StockNews.com downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 4th. Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective for the company.

Motorcar Parts of America Trading Down 1.8 %

The business’s fifty day simple moving average is $9.53 and its two-hundred day simple moving average is $7.80. The stock has a market capitalization of $171.36 million, a P/E ratio of -8.84 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Motorcar Parts of America

A number of institutional investors have recently bought and sold shares of MPAA. Tieton Capital Management LLC increased its stake in Motorcar Parts of America by 22.8% in the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock valued at $9,077,000 after acquiring an additional 221,925 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in shares of Motorcar Parts of America by 17.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after buying an additional 162,797 shares during the period. Dimensional Fund Advisors LP raised its stake in Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after acquiring an additional 2,960 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Motorcar Parts of America by 1.4% during 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 acquiring an additional 3,025 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Motorcar Parts of America by 10.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company’s stock worth $1,083,000 after purchasing an additional 13,644 shares during 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.