Motorcar Parts of America (NASDAQ:MPAA) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage issued an overweight rating and a $14.00 target price on the auto parts company’s stock.

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Motorcar Parts of America Trading Up 1.3 %

Shares of Motorcar Parts of America stock opened at $7.91 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. Motorcar Parts of America has a fifty-two week low of $4.36 and a fifty-two week high of $10.40. The company’s 50 day moving average price is $6.70 and its two-hundred day moving average price is $6.34.

Insider Activity at Motorcar Parts of America

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

Institutional Investors Weigh In On Motorcar Parts of America

Large investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Motorcar Parts of America in the third quarter valued at approximately $79,000. Privium Fund Management UK Ltd increased its position 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 worth $163,000 after buying an additional 5,038 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Motorcar Parts of America by 24.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after acquiring an additional 6,979 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at approximately $281,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Motorcar Parts of America by 6.7% in the second quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock worth $482,000 after acquiring an additional 4,867 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

About Motorcar Parts of America

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.