Motorcar Parts of America (NASDAQ:MPAA) Raised to “Strong-Buy” at StockNews.com

Motorcar Parts of America (NASDAQ:MPAA) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Motorcar Parts of America Stock Down 0.7%

Motorcar Parts of America stock opened at $10.85 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The firm has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $8.31. The firm has a market cap of $212.49 million, a price-to-earnings ratio of -10.96 and a beta of 1.32.

Institutional Trading of Motorcar Parts of America

Several hedge funds have recently added to or reduced their stakes in MPAA. Tieton Capital Management LLC grew its stake in shares of 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 worth $9,077,000 after acquiring an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in 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 valued at $8,480,000 after purchasing an additional 162,797 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in Motorcar Parts of America in the 1st quarter valued at $1,425,000. Informed Momentum Co LLC bought a new stake in Motorcar Parts of America in the 1st quarter valued at $982,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America in the 4th quarter worth $580,000. 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.