Motorcar Parts of America (NASDAQ:MPAA) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

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

Motorcar Parts of America Trading Down 5.9 %

NASDAQ:MPAA opened at $8.65 on Friday. The company has a market capitalization of $169.40 million, a P/E ratio of -8.74 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $11.89. The firm has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $7.68.

Institutional Trading of Motorcar Parts of America

Large investors have recently made changes to their positions in the business. Tieton Capital Management LLC lifted its position in Motorcar Parts of America by 22.8% during the fourth 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 holdings in shares of Motorcar Parts of America by 17.1% in the 4th 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of Motorcar Parts of America by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after buying an additional 2,960 shares during the last quarter. 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. raised its position in Motorcar Parts of America by 10.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company’s stock valued at $1,083,000 after acquiring an additional 13,644 shares in the last quarter. 83.48% of the stock is owned by hedge funds and other 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.