Motorcar Parts of America (NASDAQ:MPAA) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other analysts have also issued reports on the company. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Finally, B. Riley reiterated a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Motorcar Parts of America presently has an average rating of “Hold” and a consensus target price of $35.50.

Shares of Motorcar Parts of America (NASDAQ MPAA) opened at $27.72 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Motorcar Parts of America has a 1-year low of $23.92 and a 1-year high of $31.57. The stock has a market capitalization of $525.37, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.57 and a beta of 0.93.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock valued at $115,000 after buying an additional 608 shares in the last quarter. Bank of Montreal Can raised its holdings in Motorcar Parts of America by 1.4% during the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock valued at $138,000 after buying an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Motorcar Parts of America by 57.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock valued at $155,000 after buying an additional 2,001 shares in the last quarter. Voya Investment Management LLC raised its holdings in Motorcar Parts of America by 14.8% during the second quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock valued at $263,000 after buying an additional 1,204 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Motorcar Parts of America during the second quarter valued at about $292,000.

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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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