Marine Products Corporation (MPX) Given Media Impact Score of 0.13
News articles about Marine Products Corporation (NYSE:MPX) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marine Products Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1161234276837 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Marine Products Corp. breached its 50 day moving average in a Bearish Manner : MPX-US : August 11, 2017 (finance.yahoo.com)
- Marine Products Up 33.4% Since SmarTrend Uptrend Call (MPX) (mysmartrend.com)
- MARINE PRODUCTS CORP. : ex-dividend day (4-traders.com)
- Marine Products Corporation’s (MPX) “Neutral” Rating Reaffirmed at B. Riley (americanbankingnews.com)
Marine Products Corporation (NYSE:MPX) remained flat at $14.24 during mid-day trading on Friday. 99,420 shares of the company’s stock were exchanged. The company has a market capitalization of $496.73 million, a PE ratio of 26.37 and a beta of 0.34. The company’s 50-day moving average is $15.03 and its 200-day moving average is $12.65. Marine Products Corporation has a one year low of $8.30 and a one year high of $16.25.
Marine Products Corporation (NYSE:MPX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $71.48 million during the quarter, compared to the consensus estimate of $73.33 million. Marine Products Corporation had a net margin of 7.60% and a return on equity of 25.69%. On average, equities research analysts anticipate that Marine Products Corporation will post $0.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, August 8th. Marine Products Corporation’s dividend payout ratio is presently 51.85%.
MPX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Marine Products Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub downgraded shares of Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Marine Products Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, B. Riley reissued a “neutral” rating and issued a $11.50 price target on shares of Marine Products Corporation in a research note on Friday, April 28th.
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In other Marine Products Corporation news, CFO Ben M. Palmer sold 2,500 shares of Marine Products Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $14.27, for a total value of $35,675.00. Following the completion of the transaction, the chief financial officer now owns 383,573 shares of the company’s stock, valued at $5,473,586.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy Curtis Rollins acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $12.67 per share, with a total value of $63,350.00. Following the acquisition, the director now owns 2,091 shares of the company’s stock, valued at $26,492.97. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 21,000 shares of company stock valued at $297,100. 77.90% of the stock is currently owned by corporate insiders.
Marine Products Corporation Company Profile
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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