Motorcar Parts of America (NASDAQ:MPAA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on the company. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Finally, B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.50.

Motorcar Parts of America (NASDAQ:MPAA) opened at $24.94 on Friday. The company has a market capitalization of $466.44, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 0.51 and a beta of 0.93. Motorcar Parts of America has a 12-month low of $23.92 and a 12-month high of $31.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.06). The firm had revenue of $111.77 million for the quarter, compared to analyst estimates of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. equities analysts expect that Motorcar Parts of America will post 2.09 EPS for the current year.

A number of hedge funds have recently made changes to their positions in MPAA. Teachers Advisors LLC grew its holdings in Motorcar Parts of America by 3.8% during the first quarter. Teachers Advisors LLC now owns 30,087 shares of the auto parts company’s stock worth $925,000 after acquiring an additional 1,094 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Motorcar Parts of America by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 83,989 shares of the auto parts company’s stock worth $2,581,000 after acquiring an additional 3,933 shares during the period. Bank of America Corp DE grew its holdings in Motorcar Parts of America by 76.3% during the first quarter. Bank of America Corp DE now owns 38,389 shares of the auto parts company’s stock worth $1,180,000 after acquiring an additional 16,610 shares during the period. Bank of Montreal Can grew its holdings in Motorcar Parts of America by 1.4% during the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after acquiring an additional 68 shares during the period. Finally, Aperio Group LLC grew its holdings in Motorcar Parts of America by 2.6% during the second quarter. Aperio Group LLC now owns 9,908 shares of the auto parts company’s stock worth $280,000 after acquiring an additional 253 shares during the period.

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Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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