Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $35.50.

A number of equities analysts recently issued reports on MPAA shares. Zacks Investment Research upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. B. Riley reiterated a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. Finally, TheStreet upgraded Motorcar Parts of America from a “c” rating to a “b-” rating in a research note on Monday, October 9th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Motorcar Parts of America during the 2nd quarter valued at about $292,000. Kornitzer Capital Management Inc. KS raised its stake in shares of Motorcar Parts of America by 5.0% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 273,196 shares of the auto parts company’s stock valued at $8,048,000 after buying an additional 13,115 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Motorcar Parts of America by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock valued at $28,383,000 after buying an additional 11,783 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Motorcar Parts of America by 76.3% during the 1st quarter. Bank of America Corp DE now owns 38,389 shares of the auto parts company’s stock valued at $1,180,000 after buying an additional 16,610 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Motorcar Parts of America during the 3rd quarter valued at about $521,000.

Motorcar Parts of America (MPAA) opened at $24.46 on Friday. The stock has a market capitalization of $467.01, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. Motorcar Parts of America has a 52 week low of $23.92 and a 52 week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The firm had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. analysts forecast that Motorcar Parts of America will post 2.09 earnings per share for the current fiscal year.

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About Motorcar Parts of America

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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