Motorcar Parts of America (NASDAQ:MPAA) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a sell rating to a hold rating in a report issued on Friday, January 5th.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Motorcar Parts of America from a sell rating to a hold rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of Motorcar Parts of America from a buy rating to a hold rating in a research report on Sunday, December 31st. B. Riley reissued a buy rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. Finally, TheStreet raised shares of Motorcar Parts of America from a c rating to a b- rating in a research report on Monday, October 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $35.50.

Motorcar Parts of America (NASDAQ:MPAA) opened at $27.33 on Friday. Motorcar Parts of America has a one year low of $23.92 and a one year high of $31.57. The stock has a market capitalization of $524.03, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The company had revenue of $111.77 million for the quarter, compared to analyst estimates of $112.83 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. Motorcar Parts of America’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. equities research analysts predict that Motorcar Parts of America will post 2.09 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Motorcar Parts of America by 533.9% during the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after purchasing an additional 703,390 shares during the period. Ashford Capital Management Inc. bought a new position in shares of Motorcar Parts of America in the second quarter valued at approximately $11,330,000. Dimensional Fund Advisors LP raised its stake in shares of Motorcar Parts of America by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock valued at $30,414,000 after acquiring an additional 123,693 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Motorcar Parts of America by 30.2% in the fourth quarter. Foundry Partners LLC now owns 254,515 shares of the auto parts company’s stock valued at $6,360,000 after acquiring an additional 58,965 shares during the last quarter. Finally, Northpointe Capital LLC raised its stake in shares of Motorcar Parts of America by 18.0% in the third quarter. Northpointe Capital LLC now owns 300,124 shares of the auto parts company’s stock valued at $8,842,000 after acquiring an additional 45,780 shares during the last quarter.

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Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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