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

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.57 and traded as high as $7.21. Motorcar Parts of America shares last traded at $7.20, with a volume of 35,352 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MPAA shares. StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 target price on the stock.

Motorcar Parts of America Stock Performance

The firm has a market cap of $142.93 million, a price-to-earnings ratio of -2.06 and a beta of 1.49. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $7.41 and a 200 day moving average of $6.58.

Insider Activity

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $6.86 per share, with a total value of $343,000.00. Following the acquisition, the director now owns 320,300 shares of the company’s stock, valued at approximately $2,197,258. This represents a 18.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Barclays PLC acquired a new stake in Motorcar Parts of America during the third quarter valued at approximately $79,000. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 15.1% during the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 7,198 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after purchasing an additional 8,000 shares in the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

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.