Motorcar Parts of America (NASDAQ:MPAA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.42 and traded as high as $8.22. Motorcar Parts of America shares last traded at $8.05, with a volume of 83,633 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective on the stock. 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 Stock Performance

The company has a market cap of $159.81 million, a P/E ratio of -2.30 and a beta of 1.53. The stock has a 50 day moving average price of $6.89 and a two-hundred day moving average price of $6.45. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the transaction, the director now directly owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Motorcar Parts of America

Several institutional investors have recently made changes to their positions in MPAA. Barclays PLC acquired a new position in Motorcar Parts of America in the 3rd quarter valued at $79,000. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 15.1% during the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares during the period. Captrust Financial Advisors grew its stake in Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after buying an additional 3,005 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after buying an additional 7,198 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Motorcar Parts of America by 9.1% in the 3rd 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. 83.48% of the stock is currently owned by institutional investors.

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.