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

StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

Motorcar Parts of America Price Performance

NASDAQ MPAA opened at $9.50 on Wednesday. The stock has a market capitalization of $186.05 million, a price-to-earnings ratio of -9.60 and a beta of 1.29. Motorcar Parts of America has a 1-year low of $4.36 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The business’s fifty day moving average price is $9.68 and its 200-day moving average price is $8.05.

Institutional Trading of Motorcar Parts of America

Several large investors have recently added to or reduced their stakes in MPAA. Northern Trust Corp lifted its position in Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Motorcar Parts of America by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after purchasing an additional 2,960 shares during the period. Geode Capital Management LLC increased its stake in shares of Motorcar Parts of America by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company’s stock worth $1,643,000 after purchasing an additional 3,025 shares in the last quarter. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Motorcar Parts of America during the 4th quarter valued at $88,000. 83.48% of the stock is currently 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.