Marine Products Corp. (MPX) Hits New 1-Year High at $9.38
Marine Products Corp. (NYSE:MPX) reached a new 52-week high on Tuesday . The stock traded as high as $9.38 and last traded at $8.78, with a volume of 23,027 shares traded. The stock had previously closed at $9.27.
Several equities research analysts have weighed in on MPX shares. Zacks Investment Research upgraded shares of Marine Products Corp. from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Friday, April 22nd. B. Riley lowered shares of Marine Products Corp. to a “neutral” rating and set a $9.00 target price on the stock. in a report on Tuesday, May 3rd.
The company has a 50 day moving average price of $8.55 and a 200 day moving average price of $7.68. The company has a market cap of $340.73 million and a price-to-earnings ratio of 21.71.
Marine Products Corp. (NYSE:MPX) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $63.67 million for the quarter, compared to the consensus estimate of $53.69 million. Equities research analysts predict that Marine Products Corp. will post $0.46 EPS for the current year.
A hedge fund recently raised its stake in Marine Products Corp. stock. Dimensional Fund Advisors LP increased its stake in shares of Marine Products Corp. (NYSE:MPX) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the SEC.
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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