StockNews.com Upgrades Motorcar Parts of America (NASDAQ:MPAA) to Strong-Buy

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

Separately, Cantor Fitzgerald began coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company.

Motorcar Parts of America Stock Down 0.7 %

NASDAQ:MPAA opened at $10.32 on Friday. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $11.89. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The stock has a market cap of $202.11 million, a price-to-earnings ratio of -10.42 and a beta of 1.35. The stock has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $7.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Motorcar Parts of America during the third quarter worth about $79,000. Balyasny Asset Management L.P. acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth about $88,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth about $97,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth about $161,000. Finally, Bailard Inc. acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth about $201,000. 83.48% of the stock is owned by institutional investors and hedge funds.

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.