Motorcar Parts of America (NASDAQ:MPAA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Motorcar Parts of America, Inc. (NASDAQ:MPAA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.32 and traded as high as $8.17. Motorcar Parts of America shares last traded at $7.64, with a volume of 79,953 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPAA. Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a research report on Friday. They set an “overweight” rating and a $14.00 price objective for the company. StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Motorcar Parts of America Trading Up 1.3 %

The company has a 50 day moving average of $6.70 and a 200-day moving average of $6.34. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12.

Insider Transactions at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $6.86 per share, with a total value of $343,000.00. Following the completion of the transaction, the director now owns 320,300 shares of the company’s stock, valued at $2,197,258. The trade was a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MPAA. Barclays PLC purchased a new position in shares of Motorcar Parts of America in the 3rd quarter valued at about $79,000. Geode Capital Management LLC raised its holdings in Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after acquiring an additional 27,961 shares in the last quarter. Captrust Financial Advisors lifted its stake in Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after acquiring an additional 3,005 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Motorcar Parts of America by 20.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after acquiring an additional 7,198 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after purchasing an additional 8,000 shares during the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

About Motorcar Parts of America

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.