Motorcar Parts of America (NASDAQ:MPAA) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on MPAA. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. BidaskClub lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. TheStreet cut shares of Motorcar Parts of America from a “c-” rating to a “d+” rating in a research note on Thursday, April 2nd. B. Riley decreased their price target on Motorcar Parts of America from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Roth Capital reiterated a “buy” rating and issued a $21.00 price objective on shares of Motorcar Parts of America in a research report on Friday, June 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.33.

Shares of MPAA stock traded down $0.17 during trading hours on Monday, hitting $15.22. The company had a trading volume of 232,700 shares, compared to its average volume of 151,903. Motorcar Parts of America has a 12 month low of $10.43 and a 12 month high of $24.60. The firm has a market capitalization of $288.65 million, a price-to-earnings ratio of -31.71 and a beta of 1.57. The firm’s fifty day moving average is $15.46 and its 200 day moving average is $16.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.55 and a current ratio of 1.28.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Monday, June 15th. The auto parts company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Motorcar Parts of America had a positive return on equity of 10.09% and a negative net margin of 1.68%. The business had revenue of $150.74 million for the quarter. On average, sell-side analysts expect that Motorcar Parts of America will post 1.32 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of MPAA. Global Alpha Capital Management Ltd. raised its stake in shares of Motorcar Parts of America by 25.4% during the first quarter. Global Alpha Capital Management Ltd. now owns 2,023,110 shares of the auto parts company’s stock worth $25,451,000 after buying an additional 410,256 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Motorcar Parts of America during the 1st quarter valued at $3,748,000. Pzena Investment Management LLC lifted its stake in shares of Motorcar Parts of America by 15.3% in the 1st quarter. Pzena Investment Management LLC now owns 1,823,664 shares of the auto parts company’s stock valued at $22,942,000 after purchasing an additional 242,401 shares during the period. River Road Asset Management LLC lifted its stake in shares of Motorcar Parts of America by 14.2% in the 4th quarter. River Road Asset Management LLC now owns 893,153 shares of the auto parts company’s stock valued at $19,676,000 after purchasing an additional 111,109 shares during the period. Finally, State Street Corp grew its stake in shares of Motorcar Parts of America by 8.1% during the first quarter. State Street Corp now owns 609,781 shares of the auto parts company’s stock worth $7,671,000 after purchasing an additional 45,543 shares during the period.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

See Also: Are FAANG stocks a good investment?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.