Motorcar Parts of America (NASDAQ:MPAA – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Motorcar Parts of America Price Performance
Shares of MPAA traded up $0.91 during mid-day trading on Thursday, reaching $5.93. The stock had a trading volume of 505,930 shares, compared to its average volume of 87,627. The firm has a market cap of $116.58 million, a price-to-earnings ratio of -2.37 and a beta of 1.45. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $10.40. The business has a fifty day moving average of $5.48 and a 200 day moving average of $7.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.40.
Hedge Funds Weigh In On Motorcar Parts of America
Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in Motorcar Parts of America by 2,333.4% during the third quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock valued at $87,000 after purchasing an additional 10,337 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Motorcar Parts of America during the first quarter valued at $90,000. Barclays PLC bought a new position in Motorcar Parts of America during the third quarter valued at $117,000. Sierra Summit Advisors LLC bought a new position in Motorcar Parts of America during the fourth quarter valued at $139,000. Finally, Nilsine Partners LLC lifted its position in Motorcar Parts of America by 23.3% during the first quarter. Nilsine Partners LLC now owns 19,169 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 3,617 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.
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.