Motorcar Parts of America, Inc. (NASDAQ:MPAA) Receives $26.50 Average PT from Brokerages

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.50.

Several equities research analysts have recently issued reports on MPAA shares. ValuEngine upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Zacks Investment Research upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 17th.

A number of institutional investors have recently added to or reduced their stakes in MPAA. Arizona State Retirement System grew its stake in Motorcar Parts of America by 6.2% in the 4th quarter. Arizona State Retirement System now owns 29,130 shares of the auto parts company’s stock valued at $485,000 after buying an additional 1,690 shares in the last quarter. Rhumbline Advisers boosted its holdings in Motorcar Parts of America by 20.8% in the 4th quarter. Rhumbline Advisers now owns 55,530 shares of the auto parts company’s stock valued at $924,000 after purchasing an additional 9,580 shares during the period. Victory Capital Management Inc. boosted its holdings in Motorcar Parts of America by 16.0% in the 4th quarter. Victory Capital Management Inc. now owns 87,100 shares of the auto parts company’s stock valued at $1,449,000 after purchasing an additional 12,000 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Motorcar Parts of America in the 4th quarter valued at $120,000. Finally, Tieton Capital Management LLC bought a new position in Motorcar Parts of America in the 4th quarter valued at $3,662,000.

Shares of MPAA stock traded up $0.28 during trading hours on Tuesday, hitting $18.03. 177,600 shares of the company were exchanged, compared to its average volume of 144,719. The company’s fifty day moving average price is $18.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.32 and a quick ratio of 0.45. Motorcar Parts of America has a 52-week low of $12.09 and a 52-week high of $27.19. The firm has a market cap of $323.70 million, a PE ratio of 10.61 and a beta of 1.54.

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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