Marine Products Corporation (NYSE:MPX - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.56 and traded as high as $9.63. Marine Products shares last traded at $9.32, with a volume of 16,883 shares trading hands.
Marine Products Stock Performance
The company has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $8.57. The company has a market capitalization of $317.45 million, a price-to-earnings ratio of 22.68 and a beta of 0.90.
Marine Products (NYSE:MPX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The business 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%. As a group, analysts expect that Marine Products Corporation will post 0.4 EPS for the current year.
Marine Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, August 11th. Marine Products's dividend payout ratio is presently 140.00%.
Institutional Trading of Marine Products
Institutional investors and hedge funds have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Marine Products during the 2nd quarter worth $26,000. Strs Ohio acquired a new stake in shares of Marine Products during the 1st quarter worth $77,000. Corient Private Wealth LLC acquired a new stake in shares of Marine Products during the 2nd quarter worth $85,000. Summit Financial Strategies Inc. acquired a new stake in shares of Marine Products during the 1st quarter worth $92,000. Finally, Burney Co. acquired a new stake in shares of Marine Products during the 1st quarter worth $108,000. 13.86% of the stock is currently owned by institutional investors and hedge funds.
About Marine Products
(
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.
Further Reading
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