News articles about Marine Products Corporation (NYSE:MPX) have trended somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marine Products Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1260226688655 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts recently weighed in on MPX shares. Zacks Investment Research upgraded Marine Products Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, May 2nd. B. Riley reiterated a “neutral” rating and set a $11.50 price objective on shares of Marine Products Corporation in a research note on Wednesday, May 3rd.
Shares of Marine Products Corporation (NYSE MPX) traded up 1.25% on Wednesday, reaching $15.37. The company’s stock had a trading volume of 44,850 shares. The firm has a market capitalization of $537.29 million, a PE ratio of 31.50 and a beta of 0.35. The firm has a 50-day moving average price of $14.61 and a 200 day moving average price of $12.49. 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 announced its earnings results on Friday, April 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $71.04 million for the quarter, compared to analysts’ expectations of $65 million. Marine Products Corporation had a return on equity of 22.18% and a net margin of 7.27%. On average, analysts anticipate that Marine Products Corporation will post $0.61 earnings per share for the current fiscal year.
In other Marine Products Corporation news, Director Timothy Curtis Rollins acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $12.67 per share, for a total transaction of $63,350.00. Following the acquisition, the director now owns 2,091 shares in the company, valued at approximately $26,492.97. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ben M. Palmer sold 2,500 shares of the 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 sale, the chief financial officer now owns 383,573 shares of the company’s stock, valued at approximately $5,473,586.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,000 shares of company stock valued at $297,100. Company insiders own 77.90% of the company’s stock.
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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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