Zacks Investment Research downgraded shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) from a hold rating to a sell rating in a research report released on Thursday morning.

According to Zacks, “Motorcar Parts of America, Inc. is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs. It recycles materials, including metal from the used cores and corrugated packaging. The Company carries over a huge stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada. Motorcar is headquartered in Torrance, CA. “

A number of other brokerages have also recently commented on MPAA. BidaskClub raised Motorcar Parts of America from a sell rating to a hold rating in a research report on Wednesday, July 19th. ValuEngine cut Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, September 1st. B. Riley reissued a buy rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. TheStreet raised Motorcar Parts of America from a c rating to a b- rating in a research report on Monday, October 9th. Finally, Roth Capital set a $32.00 price target on Motorcar Parts of America and gave the stock a buy rating in a research report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Motorcar Parts of America has an average rating of Hold and a consensus target price of $35.50.

Motorcar Parts of America (MPAA) traded up $0.12 during trading on Thursday, reaching $25.29. The company’s stock had a trading volume of 145,830 shares, compared to its average volume of 131,429. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. The company has a market cap of $486.46, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.48 and a beta of 0.94. Motorcar Parts of America has a fifty-two week low of $24.13 and a fifty-two week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The firm had revenue of $111.77 million for the quarter, compared to the consensus estimate of $112.83 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. equities analysts forecast that Motorcar Parts of America will post 2.32 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its holdings in Motorcar Parts of America by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 1,594 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 608 shares during the last quarter. Bank of Montreal Can raised its holdings in Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after acquiring an additional 68 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Motorcar Parts of America by 57.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after acquiring an additional 2,001 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Motorcar Parts of America in the 2nd quarter worth approximately $221,000.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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