Motorcar Parts of America (NASDAQ:MPAA) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.80 and traded as high as $8.90. Motorcar Parts of America shares last traded at $8.75, with a volume of 48,262 shares.

Analyst Ratings Changes

MPAA has been the subject of a number of analyst reports. StockNews.com downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 4th. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target for the company.

Motorcar Parts of America Stock Performance

The company has a market capitalization of $171.36 million, a P/E ratio of -8.84 and a beta of 1.29. The stock’s fifty day moving average price is $9.53 and its 200-day moving average price is $7.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.

Institutional Investors Weigh In On Motorcar Parts of America

A number of large investors have recently added to or reduced their stakes in the business. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 4th quarter worth about $580,000. Bailard Inc. acquired a new position in shares of Motorcar Parts of America during the 4th quarter worth approximately $201,000. Barclays PLC bought a new position in Motorcar Parts of America in the 3rd quarter valued at about $79,000. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after buying an additional 27,961 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in shares of 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 worth $8,480,000 after acquiring an additional 162,797 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.