Shares of Motorcar Parts of America (NASDAQ:MPAA) are above their 200-day moving average of $6.61

Motorcar Parts of America, Inc. (NASDAQ:MPAA – Get Your Free Report ) broke above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.61 and traded as high as $6.89. Motorcar Parts of America stock last traded at $6.80 with a volume of 70,907 shares.

Analyst upgrades and downgrades

Separately, StockNews.com lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Thursday, June 13th.

Check out our latest research report on the MPAA

U.S. auto parts inventories rose 0.7%

The company’s 50-day moving average is $6.18, and its two-hundred-day moving average is $6.61. The company has a market cap of $133.70 million, a PE ratio of -2.62 and a beta of 1.43. The company has a quick ratio of 0.40, a current ratio of 1.39, and a debt-to-equity ratio of 0.11.

Motorcar Parts of America (NASDAQ:MPAA – Get Free Report ) last issued its earnings results on Tuesday, June 11th. The auto parts company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Motorcar Parts of America had a positive return on equity of 1.41% and a negative net margin of 6.86%. The firm had revenue of $189.48 million during the quarter, compared to the consensus estimate of $198.60 million. On average, analysts anticipate that Motorcar Parts of America, Inc. will post 0.35 earnings per share for the current year.

Insider activity at Motorcar Parts of America

In other Motorcar Parts of America news, Director Douglas B. Trussler purchased 20,300 shares of Motorcar Parts of America stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $5.73 per share, for a total transaction of $116,319.00. Following the acquisition, the director now directly owns 270,300 shares in the company, valued at approximately $1,548,819. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 6.80% of shares are owned by insiders.

Hedge funds influence America’s auto parts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System bought a new stake in Motorcar Parts of America in the first quarter valued at $90,000. Sierra Summit Advisors LLC bought a new stake in shares of Motorcar Parts of America in the 4th quarter valued at approximately $139,000. Privium Fund Management UK Ltd purchased a new position in shares of Motorcar Parts of America in the 1st quarter worth about $183,000. Jump Financial LLC grew its holdings in Motorcar Parts of America by 4.8% during the 4th quarter. Jump Financial LLC now owns 24,800 shares of the auto parts company’s stock valued at $232,000 after buying an additional 1,143 shares shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Motorcar Parts of America by 24.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock worth $216,000 after buying an additional 6,979 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s shares.

Motorcar Parts of America Company Profile

(Get a free report)

Motorcar Parts of America, Inc manufactures, remanufactures and distributes heavy duty, industrial, marine and agricultural truck parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products, including brake calipers, brake servos, brake rotors, brake pads and brake master cylinders.

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