Cantor Fitzgerald Begins Coverage on Motorcar Parts of America (NASDAQ:MPAA)

Investment analysts at Cantor Fitzgerald started coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a research note issued on Friday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $14.00 price target on the auto parts company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 79.26% from the stock’s previous close.

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

Motorcar Parts of America Price Performance

MPAA stock opened at $7.81 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.43 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 business has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $6.33. Motorcar Parts of America has a twelve month low of $4.36 and a twelve month high of $10.40.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the business’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 purchase, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This represents a 18.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Motorcar Parts of America

A number of institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its position in shares of Motorcar Parts of America by 10.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock valued at $7,690,000 after acquiring an additional 99,958 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in Motorcar Parts of America by 31.8% during the second quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock worth $6,852,000 after purchasing an additional 267,927 shares during the last quarter. Renaissance Technologies LLC boosted its position in Motorcar Parts of America by 829.4% during the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company’s stock worth $682,000 after purchasing an additional 98,700 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Motorcar Parts of America by 20.6% in the third 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 last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

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.