Motorcar Parts of America (NASDAQ:MPAA) Stock Rating Upgraded by StockNews.com

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

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

Motorcar Parts of America Price Performance

Motorcar Parts of America stock opened at $8.96 on Monday. The business’s fifty day moving average is $9.65 and its two-hundred day moving average is $7.83. 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 cap of $175.47 million, a P/E ratio of -9.05 and a beta of 1.29. Motorcar Parts of America has a 52 week low of $4.36 and a 52 week high of $11.89.

Hedge Funds Weigh In On Motorcar Parts of America

Large investors have recently made changes to their positions in the company. Atlas Legacy Advisors LLC bought a new stake in Motorcar Parts of America during the 4th quarter worth about $580,000. Bailard Inc. bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $201,000. Barclays PLC acquired a new stake in shares of Motorcar Parts of America during the third quarter worth $79,000. Geode Capital Management LLC increased its holdings in Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after purchasing an additional 27,961 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after buying an additional 162,797 shares during the last quarter. Institutional investors and hedge funds 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.