Motorcar Parts of America, Inc. (NASDAQ:MPAA) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 4,432,800 shares, a growth of 9.9% from the May 30th total of 4,034,500 shares. Currently, 24.0% of the shares of the stock are sold short. Based on an average daily volume of 136,800 shares, the short-interest ratio is presently 32.4 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank boosted its holdings in shares of Motorcar Parts of America by 27.7% during the 2nd quarter. First Hawaiian Bank now owns 9,411 shares of the auto parts company’s stock worth $201,000 after buying an additional 2,041 shares during the period. Private Capital Management LLC boosted its holdings in shares of Motorcar Parts of America by 0.7% during the 1st quarter. Private Capital Management LLC now owns 1,610,851 shares of the auto parts company’s stock worth $30,397,000 after buying an additional 11,855 shares during the period. CNA Financial Corp bought a new stake in shares of Motorcar Parts of America during the 1st quarter worth about $326,000. Kennedy Capital Management Inc. boosted its holdings in shares of Motorcar Parts of America by 5.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 499,101 shares of the auto parts company’s stock worth $9,418,000 after buying an additional 26,005 shares during the period. Finally, Tieton Capital Management LLC boosted its holdings in shares of Motorcar Parts of America by 12.3% during the 1st quarter. Tieton Capital Management LLC now owns 247,189 shares of the auto parts company’s stock worth $4,664,000 after buying an additional 27,105 shares during the period.

NASDAQ MPAA opened at $18.27 on Tuesday. The firm has a market capitalization of $349.11 million, a price-to-earnings ratio of 12.10 and a beta of 1.64. The business’s 50 day moving average price is $18.46. The company has a current ratio of 1.26, a quick ratio of 0.40 and a debt-to-equity ratio of 0.09. Motorcar Parts of America has a 1-year low of $12.09 and a 1-year high of $27.19.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Friday, June 28th. The auto parts company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Motorcar Parts of America had a negative net margin of 1.56% and a positive return on equity of 10.38%. The company had revenue of $132.66 million during the quarter, compared to analyst estimates of $131.53 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Research analysts expect that Motorcar Parts of America will post 1.71 earnings per share for the current year.

MPAA has been the subject of several recent research reports. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.00.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

Featured Article: What is the return on assets (ROA) ratio?

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.