Motorcar Parts of America (NASDAQ:MPAA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Motorcar Parts of America (NASDAQ:MPAA – Get Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Separately, Roth Mkm reduced their price target on Motorcar Parts of America from $18.00 to $16.00 and set a buy rating on the stock in a report on Monday, February 13th.

Motorcar Parts of America Stock Down 8.1 %

NASDAQ:MPAA opened at $8.40 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The business has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $13.84. Motorcar Parts of America has a 1 year low of $8.12 and a 1 year high of $19.93.

Institutional Investors Weigh In On Motorcar Parts of America

Hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP raised its holdings in shares of Motorcar Parts of America by 26.4% in the fourth quarter. Gladius Capital Management LP now owns 3,326 shares of the auto parts company’s stock worth $40,000 after buying an additional 694 shares during the period. Mutual of America Capital Management LLC increased its holdings in Motorcar Parts of America by 19.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 3,826 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 617 shares during the period. UBS Group AG increased its holdings in Motorcar Parts of America by 837.7% during the 4th quarter. UBS Group AG now owns 6,564 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 5,864 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in Motorcar Parts of America during the 3rd quarter worth $85,000. Finally, Lazard Asset Management LLC purchased a new position in Motorcar Parts of America during the 3rd quarter worth $90,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

About Motorcar Parts of America

(Get Rating)

Motorcar Parts of America, Inc engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, drums and rotors, brake pads and shoes, calipers, brake master cylinders, brake power boosters, and turbochargers.