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

StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a buy rating in a report issued on Wednesday morning.

Motorcar Parts of America Trading Up 0.3 %

Shares of MPAA opened at $7.02 on Wednesday. Motorcar Parts of America has a twelve month low of $4.36 and a twelve month high of $10.40. The company has a current ratio of 1.39, a quick ratio of 0.35 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $138.65 million, a P/E ratio of -2.01 and a beta of 1.44. The firm’s 50-day moving average is $6.10 and its two-hundred day moving average is $5.94.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, major shareholder 325 Capital Llc acquired 16,608 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $6.73 per share, with a total value of $111,771.84. Following the purchase, the insider now directly owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. This trade represents a 0.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Motorcar Parts of America

Institutional investors have recently made changes to their positions in the stock. Private Capital Management LLC increased its position in Motorcar Parts of America by 6.6% during the 1st quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock worth $22,856,000 after purchasing an additional 176,971 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Motorcar Parts of America by 9.9% during the first quarter. Acadian Asset Management LLC now owns 200,084 shares of the auto parts company’s stock worth $1,607,000 after buying an additional 18,001 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Motorcar Parts of America by 10.6% in the third quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock valued at $7,690,000 after buying an additional 99,958 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Motorcar Parts of America by 31.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock valued at $6,852,000 after buying an additional 267,927 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Motorcar Parts of America by 829.4% during the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company’s stock valued at $682,000 after buying an additional 98,700 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

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.