Posted by admin on Jun 26th, 2022
Motorcar Parts of America, Inc. (NASDAQ:MPAA – Get Rating) VP Richard K. Mochulsky sold 4,700 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $13.19, for a total transaction of $61,993.00. Following the completion of the sale, the vice president now owns 7,901 shares in the company, valued at $104,214.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
MPAA stock opened at $13.42 on Friday. Motorcar Parts of America, Inc. has a 52-week low of $12.85 and a 52-week high of $24.87. The company’s 50 day simple moving average is $14.64 and its 200-day simple moving average is $16.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.26 and a quick ratio of 0.36. The firm has a market capitalization of $256.59 million, a P/E ratio of 36.27 and a beta of 1.66.
Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of Motorcar Parts of America by 1.4% during the fourth quarter. Rhumbline Advisers now owns 54,041 shares of the auto parts company’s stock valued at $922,000 after acquiring an additional 720 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Motorcar Parts of America by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 202,094 shares of the auto parts company’s stock valued at $3,604,000 after acquiring an additional 873 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Motorcar Parts of America by 1.1% during the first quarter. Victory Capital Management Inc. now owns 92,972 shares of the auto parts company’s stock valued at $1,658,000 after acquiring an additional 1,047 shares during the period. State of Tennessee Treasury Department raised its holdings in shares of Motorcar Parts of America by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 7,235 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 1,096 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Motorcar Parts of America during the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
Separately, StockNews.com downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th.
Motorcar Parts of America Company Profile (Get Rating)
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts. 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.
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