Wall Street Zen Upgrades Motorcar Parts of America (NASDAQ:MPAA) to Strong-Buy

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

MPAA has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Motorcar Parts of America in a research note on Monday. Zacks Research cut Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $14.00.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $12.74 on Friday. The firm has a market cap of $249.19 million, a P/E ratio of 115.82 and a beta of 1.26. Motorcar Parts of America has a twelve month low of $5.38 and a twelve month high of $18.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.46 and a current ratio of 1.46. The firm’s 50 day moving average price is $15.00 and its two-hundred day moving average price is $13.47.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of Motorcar Parts of America by 2,191.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 2,761 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Motorcar Parts of America during the second quarter worth $45,000. Quarry LP raised its position in Motorcar Parts of America by 1,117.9% during the third quarter. Quarry LP now owns 4,214 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 3,868 shares in the last quarter. CWM LLC acquired a new stake in Motorcar Parts of America in the third quarter valued at $78,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Motorcar Parts of America during the 1st quarter worth about $95,000. 83.48% of the stock is currently 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.