Motorcar Parts of America (NASDAQ:MPAA) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $14.00 price target on the auto parts company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 79.26% from the company’s current price.

Separately, StockNews.com raised 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 2.2 %

MPAA opened at $7.81 on Friday. 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 market capitalization of $155.04 million, a P/E ratio of -2.23 and a beta of 1.53. The stock’s fifty day moving average is $6.67 and its two-hundred day moving average is $6.33. Motorcar Parts of America has a 52 week low of $4.36 and a 52 week high of $10.40.

Insider Transactions at Motorcar Parts of America

In other news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the transaction, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Trading of Motorcar Parts of America

Several institutional investors and hedge funds have recently bought and sold shares of MPAA. Pacific Ridge Capital Partners LLC boosted its holdings in Motorcar Parts of America by 31.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock valued at $6,852,000 after purchasing an additional 267,927 shares during the period. Donald Smith & CO. Inc. grew its holdings in Motorcar Parts of America by 23.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 940,587 shares of the auto parts company’s stock worth $5,803,000 after acquiring an additional 176,725 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Motorcar Parts of America by 829.4% in the 2nd quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company’s stock valued at $682,000 after purchasing an additional 98,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Motorcar Parts of America by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company’s stock valued at $5,890,000 after purchasing an additional 64,408 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Motorcar Parts of America in the third quarter valued at $281,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

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.