Marine Products (NYSE:MPX – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Marine Products Stock Performance
Shares of MPX opened at $9.04 on Thursday. The company has a market capitalization of $313.81 million, a price-to-earnings ratio of 17.06 and a beta of 1.23. Marine Products has a fifty-two week low of $8.67 and a fifty-two week high of $12.47. The firm has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $9.57.
Marine Products (NYSE:MPX – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $49.85 million during the quarter. Marine Products had a return on equity of 13.55% and a net margin of 7.32%. During the same period in the previous year, the business posted $0.30 earnings per share. Equities research analysts forecast that Marine Products will post 0.4 EPS for the current year.
Institutional Trading of Marine Products
About Marine Products
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.
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