Motorcar Parts of America (NASDAQ:MPAA) Upgraded 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 released on Wednesday morning.

Separately, Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective on the stock.

Motorcar Parts of America Trading Up 12.7 %

Motorcar Parts of America stock opened at $7.65 on Wednesday. Motorcar Parts of America has a 12-month low of $4.36 and a 12-month high of $10.10. The firm’s fifty day moving average is $7.33 and its 200 day moving average is $6.64. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Motorcar Parts of America

A number of institutional investors have recently modified their holdings of the company. Tieton Capital Management LLC grew its position in Motorcar Parts of America by 22.8% in the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock valued at $9,077,000 after purchasing an additional 221,925 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Motorcar Parts of America by 17.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock valued at $8,480,000 after buying an additional 162,797 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Motorcar Parts of America by 10.6% during the third quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock valued at $7,690,000 after buying an additional 99,958 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Motorcar Parts of America by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company’s stock worth $1,643,000 after acquiring an additional 3,025 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Motorcar Parts of America by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock worth $838,000 after acquiring an additional 14,310 shares during the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

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.