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

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

Separately, Cantor Fitzgerald started 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 Price Performance

Shares of MPAA stock opened at $10.42 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The stock has a 50 day moving average price of $7.57 and a 200 day moving average price of $6.84. The firm has a market capitalization of $204.10 million, a P/E ratio of -10.53 and a beta of 1.47. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $11.50.

Institutional Investors Weigh In On Motorcar Parts of America

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new stake in Motorcar Parts of America during the 3rd quarter valued at $79,000. Balyasny Asset Management L.P. bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $88,000. OMERS ADMINISTRATION Corp bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $97,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $161,000. Finally, Bailard Inc. bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $201,000. 83.48% of the stock is 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.