Motorcar Parts of America (NASDAQ:MPAA) Upgraded at StockNews.com

StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

Separately, Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective for the company.

Motorcar Parts of America Stock Up 8.5 %

Shares of Motorcar Parts of America stock opened at $9.30 on Wednesday. Motorcar Parts of America has a one year low of $4.36 and a one year high of $9.87. The company has a market cap of $184.61 million, a P/E ratio of -2.66 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. The firm has a fifty day moving average of $7.34 and a two-hundred day moving average of $6.66.

Hedge Funds Weigh In On Motorcar Parts of America

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of Motorcar Parts of America during the 3rd quarter worth $79,000. Schonfeld Strategic Advisors LLC acquired a new position in Motorcar Parts of America during the fourth quarter worth about $161,000. Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at approximately $201,000. Jane Street Group LLC acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at approximately $266,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Motorcar Parts of America during the 3rd quarter worth approximately $281,000. 83.48% of the stock is owned by institutional investors and hedge funds.

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.