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

StockNews.com upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Motorcar Parts of America Stock Up 0.3 %

MPAA opened at $7.02 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $10.40. The firm’s fifty day simple moving average is $6.12 and its 200 day simple moving average is $5.95.

Insiders Place Their Bets

In other Motorcar Parts of America news, major shareholder 325 Capital Llc purchased 16,608 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $6.73 per share, with a total value of $111,771.84. Following the acquisition, the insider now directly owns 1,984,990 shares of the company’s stock, valued at $13,358,982.70. This trade represents a 0.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.70% of the company’s stock.

Institutional Trading of Motorcar Parts of America

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new position in Motorcar Parts of America during the 3rd quarter worth $79,000. State Board of Administration of Florida Retirement System acquired a new position in Motorcar Parts of America in the first quarter valued at about $90,000. Privium Fund Management UK Ltd raised its stake in Motorcar Parts of America by 22.4% in the second quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after purchasing an additional 5,038 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Motorcar Parts of America by 24.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock worth $216,000 after buying an additional 6,979 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Motorcar Parts of America in the 3rd quarter valued at about $281,000. 83.48% of the stock is currently owned by institutional investors.

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.