StockNews.com Lowers Motorcar Parts of America (NASDAQ:MPAA) to Hold

StockNews.com lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a buy rating to a hold rating in a report published on Thursday morning.

Motorcar Parts of America Stock Performance

Motorcar Parts of America stock opened at $5.58 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.39 and a current ratio of 1.39. The company has a 50 day moving average price of $5.45 and a 200-day moving average price of $7.75. The company has a market capitalization of $109.71 million, a PE ratio of -2.15 and a beta of 1.45. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $10.40.

Institutional Trading of Motorcar Parts of America

A number of institutional investors have recently modified their holdings of MPAA. Citigroup Inc. raised its stake in Motorcar Parts of America by 2,333.4% in the 3rd quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock worth $87,000 after acquiring an additional 10,337 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Motorcar Parts of America in the 1st quarter valued at $90,000. Barclays PLC acquired a new position in shares of Motorcar Parts of America during the 3rd quarter worth approximately $117,000. Sierra Summit Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $139,000. Finally, Nilsine Partners LLC raised its position in Motorcar Parts of America by 23.3% in the first quarter. Nilsine Partners LLC now owns 19,169 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 3,617 shares during the period. 83.48% of the stock is currently owned by institutional investors.

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.