Marine Products Corporation (NYSE:MPX - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.53 and traded as high as $8.95. Marine Products shares last traded at $8.86, with a volume of 9,919 shares.
Marine Products Stock Up 1.5%
The stock has a market capitalization of $313.01 million, a PE ratio of 22.36 and a beta of 0.93. The firm has a 50 day moving average price of $8.67 and a 200 day moving average price of $8.53.
Marine Products (NYSE:MPX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $67.70 million during the quarter, compared to the consensus estimate of $67.80 million. Marine Products had a return on equity of 10.98% and a net margin of 6.26%. On average, equities analysts forecast that Marine Products Corporation will post 0.4 earnings per share for the current fiscal year.
Marine Products Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.56 annualized dividend and a dividend yield of 6.3%. Marine Products's dividend payout ratio is 140.00%.
Institutional Trading of Marine Products
Institutional investors and hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in Marine Products during the second quarter worth $26,000. Wells Fargo & Company MN lifted its holdings in Marine Products by 88.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,732 shares of the company's stock worth $71,000 after acquiring an additional 3,631 shares during the period. Strs Ohio bought a new stake in Marine Products during the first quarter worth $77,000. Corient Private Wealth LLC bought a new stake in Marine Products during the second quarter worth $85,000. Finally, Summit Financial Strategies Inc. bought a new stake in Marine Products during the first quarter worth $92,000. 13.86% of the stock is owned by hedge funds and other institutional investors.
Marine Products Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Marine Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marine Products wasn't on the list.
While Marine Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
