Marine Products (NYSE:MPX) Shares Pass Above 200 Day Moving Average - Time to Sell?

Shares of Marine Products Corporation (NYSE:MPX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.63 and traded as high as $9.10. Marine Products shares last traded at $9.10, with a volume of 47,364 shares trading hands.

Marine Products Stock Performance

The firm has a market cap of $318.14 million, a P/E ratio of 21.67 and a beta of 0.90. The stock has a fifty day simple moving average of $8.45 and a 200 day simple moving average of $8.61.

Marine Products (NYSE:MPX - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The business had revenue of $59.00 million during the quarter, compared to the consensus estimate of $65.90 million. Marine Products had a return on equity of 12.05% and a net margin of 6.84%. Research analysts predict that Marine Products Corporation will post 0.4 earnings per share for the current year.

Marine Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Friday, May 9th. Marine Products's payout ratio is 133.33%.

Institutional Trading of Marine Products

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its holdings in shares of Marine Products by 10.6% in the 4th quarter. Rhumbline Advisers now owns 12,923 shares of the company's stock worth $118,000 after purchasing an additional 1,236 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Marine Products by 0.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 514,007 shares of the company's stock worth $4,713,000 after buying an additional 1,398 shares during the last quarter. Barclays PLC boosted its stake in shares of Marine Products by 12.2% in the 4th quarter. Barclays PLC now owns 13,524 shares of the company's stock worth $124,000 after buying an additional 1,474 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Marine Products by 8.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,788 shares of the company's stock worth $216,000 after buying an additional 1,959 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Marine Products by 19.4% in the 4th quarter. Bank of America Corp DE now owns 14,277 shares of the company's stock worth $131,000 after buying an additional 2,321 shares during the last quarter. Institutional investors own 13.86% of the company's stock.

Marine Products Company Profile

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.