Marine Products (NYSE:MPX – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Marine Products Price Performance
NYSE:MPX opened at $9.47 on Friday. Marine Products has a 1-year low of $8.67 and a 1-year high of $12.47. The firm has a market capitalization of $328.53 million, a price-to-earnings ratio of 17.86 and a beta of 1.23. The company’s 50-day moving average is $9.35 and its two-hundred day moving average is $9.55.
Marine Products (NYSE:MPX – Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Marine Products had a net margin of 7.32% and a return on equity of 13.55%. As a group, equities analysts anticipate that Marine Products will post 0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On 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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