Motorcar Parts of America (NASDAQ:MPAA) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, ValuEngine reports.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. B. Riley cut their price target on shares of Motorcar Parts of America from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Roth Capital reiterated a “buy” rating and issued a $21.00 price objective on shares of Motorcar Parts of America in a report on Friday, June 19th. Finally, TheStreet cut Motorcar Parts of America from a “c-” rating to a “d+” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Motorcar Parts of America stock opened at $16.54 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.55 and a current ratio of 1.28. Motorcar Parts of America has a fifty-two week low of $10.43 and a fifty-two week high of $24.60. The stock has a market cap of $288.65 million, a P/E ratio of -34.46 and a beta of 1.57. The firm’s fifty day moving average price is $15.48 and its 200-day moving average price is $16.91.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Monday, June 15th. The auto parts company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $150.74 million during the quarter. Motorcar Parts of America had a positive return on equity of 10.09% and a negative net margin of 1.68%. Sell-side analysts predict that Motorcar Parts of America will post 1.32 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Motorcar Parts of America by 37.4% during the fourth quarter. Bank of Montreal Can now owns 2,346 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 638 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Motorcar Parts of America by 13.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,490 shares of the auto parts company’s stock valued at $94,000 after purchasing an additional 863 shares during the last quarter. Jane Street Group LLC bought a new stake in Motorcar Parts of America during the 1st quarter valued at about $140,000. Creative Planning raised its holdings in Motorcar Parts of America by 64.8% in the first quarter. Creative Planning now owns 15,030 shares of the auto parts company’s stock worth $189,000 after buying an additional 5,910 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Motorcar Parts of America by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 15,888 shares of the auto parts company’s stock worth $200,000 after buying an additional 793 shares during the last quarter.

Motorcar Parts of America Company Profile

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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