Motorcar Parts of America (NASDAQ:MPAA) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as high as $16.53. Motorcar Parts of America shares last traded at $16.27, with a volume of 193,343 shares.

Motorcar Parts of America Trading Up 1.8%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44. The company’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $11.24. The company has a market capitalization of $314.82 million, a P/E ratio of 232.46 and a beta of 1.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MPAA. BNP Paribas Financial Markets boosted its holdings in shares of Motorcar Parts of America by 2,191.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock valued at $32,000 after buying an additional 2,761 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Motorcar Parts of America in the 2nd quarter valued at about $45,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Motorcar Parts of America in the 1st quarter valued at about $95,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $97,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Motorcar Parts of America by 7,127.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock valued at $98,000 after buying an additional 8,624 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors.

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.