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

Motorcar Parts of America, Inc. (NASDAQ:MPAA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.94 and traded as high as $11.45. Motorcar Parts of America shares last traded at $10.82, with a volume of 137,713 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on MPAA. StockNews.com lowered shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. Cantor Fitzgerald began coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective for the company.

Motorcar Parts of America Price Performance

The stock has a 50-day moving average of $7.81 and a two-hundred day moving average of $6.97. The firm has a market cap of $208.18 million, a price-to-earnings ratio of -10.74 and a beta of 1.47. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Motorcar Parts of America during the third quarter valued at approximately $79,000. Balyasny Asset Management L.P. purchased a new position in Motorcar Parts of America during the 4th quarter worth approximately $88,000. OMERS ADMINISTRATION Corp acquired a new stake in Motorcar Parts of America during the 4th quarter valued at $97,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at $161,000. Finally, Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the fourth quarter worth $201,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

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.