Motorcar Parts of America (NASDAQ:MPAA) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a research note released on Friday, MarketBeat reports. The brokerage issued an overweight rating and a $14.00 price target on the auto parts company’s stock.

Separately, StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Motorcar Parts of America Stock Performance

Shares of NASDAQ MPAA opened at $7.91 on Friday. The stock’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $6.36. The stock has a market capitalization of $157.03 million, a price-to-earnings ratio of -2.26 and a beta of 1.53. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $10.40.

Insider Activity at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the acquisition, the director now owns 320,300 shares of the company’s stock, valued at $2,197,258. This represents a 18.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Motorcar Parts of America

Several institutional investors and hedge funds have recently bought and sold shares of MPAA. Captrust Financial Advisors lifted its position in shares of Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after purchasing an additional 3,005 shares in the last quarter. Victory Capital Management Inc. increased its stake in Motorcar Parts of America by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 88,000 shares of the auto parts company’s stock valued at $543,000 after buying an additional 4,000 shares during the period. American Century Companies Inc. lifted its position in Motorcar Parts of America by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 209,443 shares of the auto parts company’s stock worth $1,292,000 after buying an additional 4,595 shares in the last quarter. Perritt Capital Management Inc boosted its stake in shares of Motorcar Parts of America by 6.7% during the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after buying an additional 4,867 shares during the period. Finally, Privium Fund Management UK Ltd grew its holdings in shares of Motorcar Parts of America by 22.4% during the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after acquiring an additional 5,038 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Company Profile

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.