Motorcar Parts of America (MPAA) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong sell rating to a sell rating in a research report released on Saturday.

Several other research analysts have also commented on MPAA. Zacks Investment Research raised Motorcar Parts of America from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Thursday, September 13th. BidaskClub lowered Motorcar Parts of America from a buy rating to a hold rating in a report on Saturday, September 8th. Finally, CL King lowered Motorcar Parts of America from a buy rating to a neutral rating in a report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $30.67.

Shares of NASDAQ MPAA opened at $18.62 on Friday. Motorcar Parts of America has a 12 month low of $12.09 and a 12 month high of $28.98. The company has a quick ratio of 0.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.10. The stock has a market cap of $352.22 million, a PE ratio of 12.67 and a beta of 1.52.

In related news, Director Jeffrey P. Mirvis sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $25.32, for a total value of $316,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Motorcar Parts of America by 1.3% in the 3rd quarter. Wells Fargo & Company MN now owns 210,304 shares of the auto parts company’s stock worth $4,932,000 after buying an additional 2,634 shares during the last quarter. Victory Capital Management Inc. lifted its position in Motorcar Parts of America by 3.7% in the 3rd quarter. Victory Capital Management Inc. now owns 75,100 shares of the auto parts company’s stock worth $1,761,000 after buying an additional 2,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Motorcar Parts of America by 3.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,059 shares of the auto parts company’s stock worth $1,854,000 after buying an additional 3,207 shares during the last quarter. First Trust Advisors LP lifted its position in Motorcar Parts of America by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 21,616 shares of the auto parts company’s stock worth $404,000 after buying an additional 3,295 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Motorcar Parts of America by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 146,199 shares of the auto parts company’s stock worth $3,133,000 after buying an additional 3,499 shares during the last quarter.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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