Motorcar Parts of America (NASDAQ:MPAA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.90 and traded as high as $15.74. Motorcar Parts of America shares last traded at $15.19, with a volume of 141,806 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on MPAA. Weiss Ratings upgraded shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Oppenheimer assumed coverage on Motorcar Parts of America in a research report on Friday, March 6th. They set an “outperform” rating and a $18.00 price objective for the company. Wall Street Zen upgraded Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Motorcar Parts of America in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Motorcar Parts of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Motorcar Parts of America Price Performance

The stock has a market capitalization of $284.56 million, a P/E ratio of 27.35 and a beta of 1.21. The stock’s fifty day moving average is $12.47 and its 200-day moving average is $11.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.47.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, June 8th. The auto parts company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $212.28 million for the quarter, compared to analyst estimates of $175.96 million. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.During the same period last year, the company earned ($0.04) earnings per share. On average, equities analysts anticipate that Motorcar Parts of America, Inc. will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Motorcar Parts of America

A number of large investors have recently added to or reduced their stakes in MPAA. Cubist Systematic Strategies LLC bought a new position in shares of Motorcar Parts of America in the first quarter valued at approximately $234,000. Goldman Sachs Group Inc. raised its stake in Motorcar Parts of America by 294.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company’s stock valued at $1,002,000 after purchasing an additional 78,695 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Motorcar Parts of America by 156.0% in the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company’s stock valued at $852,000 after buying an additional 54,681 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Motorcar Parts of America by 64.6% during the 1st quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company’s stock worth $343,000 after purchasing an additional 14,251 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Motorcar Parts of America by 100.6% in the 2nd quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock valued at $5,031,000 after buying an additional 225,225 shares during the period. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.