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 Friday.

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

Motorcar Parts of America Stock Performance

Shares of MPAA stock opened at $10.32 on Friday. The stock has a market capitalization of $202.11 million, a PE ratio of -10.42 and a beta of 1.35. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $11.89. The stock’s 50-day moving average price is $8.71 and its 200 day moving average price is $7.42. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tieton Capital Management LLC increased its position in Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock worth $9,077,000 after purchasing an additional 221,925 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings 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 acquiring an additional 162,797 shares during the period. Dimensional Fund Advisors LP grew its holdings in Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after acquiring an additional 2,960 shares during the period. Geode Capital Management LLC grew its holdings in 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 during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Motorcar Parts of America by 10.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company’s stock worth $1,083,000 after purchasing an additional 13,644 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

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.