Motorcar Parts of America (NASDAQ:MPAA) Downgraded to “Strong Sell” Rating by Zacks Research

by · The Cerbat Gem

Zacks Research cut shares of Motorcar Parts of America (NASDAQ:MPAA – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings cut shares of Motorcar Parts of America from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $14.00.

Check Out Our Latest Research Report on MPAA

Motorcar Parts of America Trading Up 1.2%

Motorcar Parts of America stock traded up $0.16 during mid-day trading on Wednesday, hitting $13.17. The stock had a trading volume of 121,823 shares, compared to its average volume of 161,667. The stock has a 50-day simple moving average of $15.95 and a two-hundred day simple moving average of $13.11. The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $257.58 million, a PE ratio of 187.88 and a beta of 1.42. Motorcar Parts of America has a 12 month low of $5.38 and a 12 month high of $18.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Motorcar Parts of America during the first quarter worth about $183,000. Informed Momentum Co LLC acquired a new position in shares of Motorcar Parts of America in the 1st quarter valued at approximately $982,000. Goldman Sachs Group Inc. increased its stake in Motorcar Parts of America by 294.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company’s stock worth $1,002,000 after purchasing an additional 78,695 shares in the last quarter. American Century Companies Inc. raised its holdings in Motorcar Parts of America by 22.9% during the 1st quarter. American Century Companies Inc. now owns 260,105 shares of the auto parts company’s stock worth $2,471,000 after buying an additional 48,386 shares during the period. Finally, Truffle Hound Capital LLC bought a new position in Motorcar Parts of America in the first quarter valued at approximately $1,425,000. 83.48% of the stock is currently owned by institutional investors.

About Motorcar Parts of America

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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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