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

StockNews.com lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong-buy rating to a buy rating in a research report released on Friday.

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

Motorcar Parts of America Price Performance

MPAA stock opened at $8.65 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $9.24 and its 200 day simple moving average is $7.70. Motorcar Parts of America has a 12-month low of $4.36 and a 12-month high of $11.89. The firm has a market cap of $169.40 million, a price-to-earnings ratio of -8.74 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC raised its holdings in Motorcar Parts of America by 22.8% during the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock worth $9,077,000 after buying an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Motorcar Parts of America by 17.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock valued at $8,480,000 after buying an additional 162,797 shares during the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of Motorcar Parts of America during the 4th quarter worth approximately $580,000. Ancora Advisors LLC bought a new position in shares of Motorcar Parts of America in the fourth quarter valued at approximately $512,000. Finally, Marshall Wace LLP boosted its position in Motorcar Parts of America by 77.4% in the fourth quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company’s stock worth $877,000 after purchasing an additional 50,302 shares during the last quarter. 83.48% of the stock is 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.