Marine Products Corp. (MPX) Shares Gap Up to $9.09
Marine Products Corp. (NYSE:MPX) gapped up prior to trading on Monday . The stock had previously closed at $9.08, but opened at $9.09. Marine Products Corp. shares last traded at $9.21, with a volume of 21,809 shares traded.
A number of equities research analysts have issued reports on the stock. B. Riley lowered shares of Marine Products Corp. to a “neutral” rating and set a $9.00 price target on the stock. in a report on Tuesday, May 3rd. Zacks Investment Research lowered shares of Marine Products Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th.
The firm’s 50 day moving average price is $8.56 and its 200 day moving average price is $7.69. The company has a market cap of $346.49 million and a PE ratio of 22.08.
Marine Products Corp. (NYSE:MPX) last released its earnings results on Wednesday, April 27th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company earned $63.67 million during the quarter, compared to analysts’ expectations of $53.69 million. On average, equities research analysts forecast that Marine Products Corp. will post $0.46 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Marine Products Corp. stock. Dimensional Fund Advisors LP increased its stake in Marine Products Corp. (NYSE:MPX) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 898,874 shares of the company’s stock after buying an additional 3,042 shares during the period. Dimensional Fund Advisors LP owned about 2.44% of Marine Products Corp. worth $5,429,000 as of its most recent SEC filing.
Marine Products Corporation (MPC) is engaged in manufacturing powerboats and providing related products and services. The Company manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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