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

Motorcar Parts of America (NASDAQ:MPAA) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

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

Motorcar Parts of America Trading Up 3.6 %

NASDAQ MPAA opened at $10.42 on Thursday. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $11.50. The stock has a market capitalization of $204.06 million, a P/E ratio of -10.53 and a beta of 1.47. The firm’s 50-day moving average is $7.53 and its two-hundred day moving average is $6.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39.

Institutional Trading of Motorcar Parts of America

Institutional investors and hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp purchased a new stake in Motorcar Parts of America during the 4th quarter worth approximately $97,000. Millennium Management LLC increased its position in shares of Motorcar Parts of America by 39.3% during the fourth quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company’s stock worth $624,000 after acquiring an additional 23,164 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Motorcar Parts of America by 10.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company’s stock valued at $1,083,000 after acquiring an additional 13,644 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at $88,000. Finally, Ancora Advisors LLC purchased a new position in Motorcar Parts of America in the fourth quarter valued at $512,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

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.