Motorcar Parts of America (NASDAQ:MPAA) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a buy rating to a strong-buy rating in a research note released on Saturday.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Motorcar Parts of America in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Motorcar Parts of America Trading Down 1.8%

Shares of MPAA stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.46 and a current ratio of 1.46. The company has a market capitalization of $249.19 million, a price-to-earnings ratio of 115.82 and a beta of 1.26. Motorcar Parts of America has a 52-week low of $5.38 and a 52-week high of $18.12. The company has a 50-day simple moving average of $15.00 and a two-hundred day simple moving average of $13.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pure Financial Advisors LLC bought a new stake in Motorcar Parts of America in the 2nd quarter valued at about $5,781,000. Marshall Wace LLP raised its position in shares of Motorcar Parts of America by 96.6% in the second quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock valued at $5,667,000 after purchasing an additional 248,637 shares during the period. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 100.6% in the second quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock valued at $5,031,000 after purchasing an additional 225,225 shares during the period. Invesco Ltd. lifted its stake in shares of Motorcar Parts of America by 391.2% during the 3rd quarter. Invesco Ltd. now owns 193,939 shares of the auto parts company’s stock valued at $3,208,000 after buying an additional 154,460 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Motorcar Parts of America in the 3rd quarter worth approximately $2,326,000. Institutional investors own 83.48% of the company’s stock.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.