Motorcar Parts of America (NASDAQ:MPAA) had its price objective raised by Roth Capital from $17.00 to $25.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the auto parts company’s stock.

Several other analysts also recently commented on MPAA. BidaskClub raised shares of Motorcar Parts of America from a buy rating to a strong-buy rating in a report on Friday, November 1st. ValuEngine downgraded shares of Motorcar Parts of America from a hold rating to a sell rating in a report on Monday. Zacks Investment Research downgraded shares of Motorcar Parts of America from a buy rating to a hold rating in a report on Thursday, October 10th. Finally, TheStreet raised shares of Motorcar Parts of America from a d+ rating to a c- rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $23.33.

Shares of MPAA stock traded down $0.66 during midday trading on Wednesday, hitting $20.95. 111,400 shares of the company were exchanged, compared to its average volume of 142,638. The firm has a market capitalization of $377.81 million, a P/E ratio of 13.87 and a beta of 1.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.33 and a current ratio of 1.23. The firm’s 50 day moving average price is $17.61 and its two-hundred day moving average price is $17.75. Motorcar Parts of America has a 52 week low of $13.41 and a 52 week high of $24.60.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Tuesday, November 12th. The auto parts company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.42 by $0.26. The business had revenue of $151.43 million during the quarter, compared to the consensus estimate of $142.98 million. Motorcar Parts of America had a negative net margin of 1.73% and a positive return on equity of 9.93%. Motorcar Parts of America’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Analysts expect that Motorcar Parts of America will post 1.58 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MPAA. Bank of Montreal Can boosted its holdings in Motorcar Parts of America by 2,191.7% in the 2nd quarter. Bank of Montreal Can now owns 1,650 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 1,578 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter worth approximately $68,000. Quantamental Technologies LLC bought a new stake in shares of Motorcar Parts of America during the 2nd quarter worth approximately $92,000. State of Tennessee Treasury Department lifted its holdings in shares of Motorcar Parts of America by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 8,242 shares of the auto parts company’s stock worth $139,000 after acquiring an additional 648 shares during the period. Finally, Aperio Group LLC bought a new stake in shares of Motorcar Parts of America during the 2nd quarter worth approximately $177,000.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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