Motorcar Parts of America (NASDAQ:MPAA) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.57 and traded as high as $7.21. Motorcar Parts of America shares last traded at $7.20, with a volume of 35,352 shares trading hands.

Analyst Upgrades and Downgrades

MPAA has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target for the company.

Motorcar Parts of America Trading Up 1.7 %

The firm’s fifty day simple moving average is $7.41 and its 200-day simple moving average is $6.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. The stock has a market cap of $142.93 million, a P/E ratio of -2.06 and a beta of 1.49.

Insider Buying and Selling at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of $6.86 per share, with a total value of $343,000.00. Following the completion of the purchase, the director now directly owns 320,300 shares in the company, valued at $2,197,258. This trade represents a 18.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Trading of Motorcar Parts of America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Oppenheimer Asset Management Inc. grew its stake in Motorcar Parts of America by 24.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after buying an additional 6,979 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $281,000. Equitable Trust Co. lifted its holdings in shares of Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after buying an additional 5,780 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Motorcar Parts of America by 72.1% in the 2nd quarter. Squarepoint Ops LLC now owns 84,221 shares of the auto parts company’s stock valued at $520,000 after purchasing an additional 35,285 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.

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.