Motorcar Parts of America (NASDAQ:MPAA) Cut to Buy at StockNews.com

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

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

Motorcar Parts of America Price Performance

Shares of MPAA opened at $8.65 on Friday. Motorcar Parts of America has a one year low of $4.36 and a one year high of $11.89. The stock’s fifty day moving average is $9.24 and its 200-day moving average is $7.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The firm has a market capitalization of $169.40 million, a price-to-earnings ratio of -8.74 and a beta of 1.35.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC bought a new position in shares of Motorcar Parts of America during the 3rd quarter valued at about $79,000. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America in the fourth quarter worth approximately $88,000. OMERS ADMINISTRATION Corp bought a new position in shares of Motorcar Parts of America in the fourth quarter valued at $97,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 4th quarter valued at $161,000. Finally, Bailard Inc. bought a new stake in shares of Motorcar Parts of America during the 4th quarter worth $201,000. 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.