CarParts.com (NASDAQ:PRTS) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of CarParts.com, Inc. (NASDAQ:PRTS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.96 and traded as high as $1.12. CarParts.com shares last traded at $1.09, with a volume of 619,273 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on PRTS shares. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reduced their target price on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a report on Wednesday, October 30th.

CarParts.com Trading Up 1.9 %

The stock has a market capitalization of $62.57 million, a PE ratio of -2.02 and a beta of 2.02. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $1.09 and a 200-day moving average price of $0.96.

Hedge Funds Weigh In On CarParts.com

A number of institutional investors and hedge funds have recently modified their holdings of PRTS. XTX Topco Ltd lifted its position in CarParts.com by 14.9% during the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 10,230 shares in the last quarter. Williams & Novak LLC lifted its position in CarParts.com by 19.2% during the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 24,400 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in CarParts.com during the fourth quarter valued at $27,000. Raymond James Financial Inc. purchased a new position in shares of CarParts.com in the fourth quarter valued at about $39,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of CarParts.com by 40.1% in the third quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 78,866 shares in the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.