Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Sells $466,284.00 in Stock - MarketBeat

2022-09-24 01:41:41 By : Ms. Vivi Gu

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Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Rating) CEO Joffe Selwyn sold 33,306 shares of the firm's stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $14.00, for a total transaction of $466,284.00. Following the completion of the sale, the chief executive officer now owns 428,449 shares in the company, valued at $5,998,286. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Motorcar Parts of America Stock Performance

NASDAQ MPAA traded up $0.12 during midday trading on Friday, hitting $14.12. The company had a trading volume of 67,968 shares, compared to its average volume of 61,509. The company has a quick ratio of 0.30, a current ratio of 1.28 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $15.07. Motorcar Parts of America, Inc. has a fifty-two week low of $12.59 and a fifty-two week high of $21.10. The stock has a market cap of $271.46 million, a price-to-earnings ratio of 44.13 and a beta of 1.62. Institutional Trading of Motorcar Parts of America

Several institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of Motorcar Parts of America by 1.4% during the 4th 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Motorcar Parts of America by 0.4% during the 1st 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Motorcar Parts of America by 1.1% during the 1st 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 in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Motorcar Parts of America by 17.9% during the 1st 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 in the last quarter. Finally, Citigroup Inc. boosted its position in shares of Motorcar Parts of America by 10.9% during the 1st quarter. Citigroup Inc. now owns 16,015 shares of the auto parts company's stock valued at $286,000 after acquiring an additional 1,574 shares in the last quarter. 93.33% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "hold" rating to a "buy" rating in a research report on Thursday, August 11th.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.Further ReadingGet a free copy of the StockNews.com research report on Motorcar Parts of America (MPAA)Why Does Tesla Stock Remain Resilient?2 Semiconductor Stocks To Watch For ReversalsAre Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?Is Costco’s Post-Earnings Price Weakness A Good Time To Buy? Will Crowdstrike Get A Boost From Increased EPS Guidance?

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