Motorcar Parts of America (NASDAQ:MPAA) Stock Crosses Above Two Hundred Day Moving Average - Here's Why
Motorcar Parts of America (NASDAQ:MPAA) stock crossed above its 200-day moving average of $13.34, trading as high as $13.78. Analysts have downgraded the stock, with Zacks Research rating it a "strong sell" and Weiss Ratings a "sell". Institutional investors have modified their holdings, with 83.48% owned by them. The company manufactures and distributes replacement parts in the U.S. Despite the stock's movement, it wasn't among MarketBeat's top analyst recommendations.
Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.34 and traded as high as $13.78. Motorcar Parts of America shares last traded at $13.70, with a volume of 191,143 shares.
Analysts Set New Price Targets
- 2 Small-Caps With Large-Cap Potential
MPAA has been the subject of several analyst reports. Zacks Research cut shares of Motorcar Parts of America from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of Motorcar Parts of America in a research note on Tuesday, November 18th. Finally, Wall Street Zen downgraded Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Motorcar Parts of America presently has an average rating of "Reduce" and an average price target of $14.00.
Check Out Our Latest Research Report on Motorcar Parts of America
Motorcar Parts of America Stock Performance
- Here’s What Happens When a Stock is Removed from an Index
The firm has a fifty day moving average of $15.63 and a 200-day moving average of $13.34. The company has a quick ratio of 0.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $267.94 million, a price-to-earnings ratio of 195.74 and a beta of 1.42.
Institutional Trading of Motorcar Parts of America
Large investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its position in shares of Motorcar Parts of America by 4.1% in the second quarter. Osaic Holdings Inc. now owns 23,712 shares of the auto parts company's stock valued at $266,000 after acquiring an additional 933 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Motorcar Parts of America by 4.5% in the 2nd quarter. Lazard Asset Management LLC now owns 27,805 shares of the auto parts company's stock valued at $311,000 after purchasing an additional 1,191 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Motorcar Parts of America by 5.4% during the second quarter. Invesco Ltd. now owns 39,479 shares of the auto parts company's stock worth $442,000 after buying an additional 2,009 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Motorcar Parts of America by 2,191.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 2,761 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in Motorcar Parts of America by 0.4% in the first quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company's stock valued at $9,729,000 after purchasing an additional 3,650 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.
Motorcar Parts of America Company Profile
(Get Free Report)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.
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