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

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

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

Motorcar Parts of America Stock Up 12.7 %

Shares of NASDAQ MPAA opened at $7.65 on Wednesday. The firm has a 50 day moving average price of $7.33 and a two-hundred day moving average price of $6.64. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $10.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39.

Institutional Trading of Motorcar Parts of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPAA. Geode Capital Management LLC lifted its position in shares of Motorcar Parts of America by 1.4% in the 4th 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 during the period. Pacific Ridge Capital Partners LLC raised its stake in Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after buying an additional 162,797 shares during the last quarter. Tieton Capital Management LLC lifted its holdings in Motorcar Parts of America by 22.8% in the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock valued at $9,077,000 after buying an additional 221,925 shares during the period. Victory Capital Management Inc. boosted its position in Motorcar Parts of America by 14.9% during the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after acquiring an additional 14,310 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Motorcar Parts of America during the 4th quarter worth about $201,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

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.