Motorcar Parts of America (NASDAQ:MPAA) Upgraded by StockNews.com to “Strong-Buy” Rating

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

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

Motorcar Parts of America Stock Up 0.3 %

NASDAQ MPAA opened at $8.78 on Monday. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The business has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $7.82. 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 has a market capitalization of $171.95 million, a PE ratio of -8.87 and a beta of 1.29.

Institutional Trading of Motorcar Parts of America

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tieton Capital Management LLC grew its position in Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock worth $9,077,000 after acquiring an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after purchasing an additional 162,797 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 2,960 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $1,643,000 after buying an additional 3,025 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Motorcar Parts of America by 10.6% during 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 buying an additional 13,644 shares during the period. Institutional investors own 83.48% of the company’s stock.

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.