Motorcar Parts of America (NASDAQ:MPAA) Shares Pass Above 200-Day Moving Average – Should You Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.90 and traded as high as $15.74. Motorcar Parts of America shares last traded at $15.19, with a volume of 141,806 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MPAA shares. Weiss Ratings raised shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Oppenheimer started coverage on shares of Motorcar Parts of America in a report on Friday, March 6th. They set an “outperform” rating and a $18.00 price objective on the stock. Wall Street Zen raised Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Motorcar Parts of America Price Performance

The company has a quick ratio of 0.47, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $11.90. The stock has a market cap of $287.39 million, a price-to-earnings ratio of 27.62 and a beta of 1.21.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, June 8th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. The company had revenue of $212.28 million during the quarter, compared to the consensus estimate of $175.96 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities research analysts forecast that Motorcar Parts of America, Inc. will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Motorcar Parts of America

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Motorcar Parts of America by 434.8% in the 4th quarter. JPMorgan Chase & Co. now owns 444,341 shares of the auto parts company’s stock valued at $5,483,000 after buying an additional 361,259 shares during the period. Azarias Capital Management L.P. grew its holdings in Motorcar Parts of America by 146.2% during the first quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock worth $5,894,000 after acquiring an additional 316,461 shares during the period. Marshall Wace LLP grew its holdings in Motorcar Parts of America by 96.6% during the second quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock worth $5,667,000 after acquiring an additional 248,637 shares during the period. Geode Capital Management LLC raised its position in Motorcar Parts of America by 100.6% during the second quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock valued at $5,031,000 after acquiring an additional 225,225 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in Motorcar Parts of America by 21.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 960,289 shares of the auto parts company’s stock valued at $11,850,000 after acquiring an additional 169,979 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.