Motorcar Parts of America (NASDAQ:MPAA) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.97 and traded as high as $14.37. Motorcar Parts of America shares last traded at $13.91, with a volume of 90,685 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Wall Street Zen raised Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings upgraded Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Motorcar Parts of America Stock Performance

The company has a quick ratio of 0.47, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a market cap of $265.83 million, a P/E ratio of 25.55 and a beta of 1.14. The business has a fifty day simple moving average of $12.88 and a 200-day simple moving average of $12.00.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Monday, June 8th. The auto parts company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $212.28 million for the quarter, compared to the consensus estimate of $175.96 million. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. During the same period in the prior year, the firm earned ($0.04) EPS. On average, sell-side analysts predict that Motorcar Parts of America, Inc. will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Motorcar Parts of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Motorcar Parts of America by 2,191.3% during the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 2,761 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Motorcar Parts of America in the 4th quarter worth approximately $63,000. Quarry LP grew its stake in shares of Motorcar Parts of America by 1,117.9% in the 3rd quarter. Quarry LP now owns 4,214 shares of the auto parts company’s stock worth $70,000 after buying an additional 3,868 shares during the last quarter. JPMorgan Chase & Co. increased its position in Motorcar Parts of America by 7,127.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock valued at $98,000 after buying an additional 8,624 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Motorcar Parts of America during the 2nd quarter valued at approximately $109,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.