Marine Products Corporation (NYSE:MPX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.62 and traded as high as $9.23. Marine Products shares last traded at $9.10, with a volume of 15,060 shares changing hands.
Marine Products Stock Performance
The stock has a market capitalization of $318.14 million, a P/E ratio of 21.67 and a beta of 0.90. The firm has a 50-day moving average price of $8.51 and a 200 day moving average price of $8.62.
Marine Products (NYSE:MPX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Marine Products had a return on equity of 12.05% and a net margin of 6.84%. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $65.90 million. On average, equities analysts anticipate that Marine Products Corporation will post 0.4 earnings per share for the current fiscal year.
Marine Products Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 9th. This represents a $0.56 annualized dividend and a yield of 6.15%. Marine Products's payout ratio is 133.33%.
Institutional Investors Weigh In On Marine Products
Several institutional investors and hedge funds have recently bought and sold shares of MPX. Wells Fargo & Company MN raised its stake in Marine Products by 88.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,732 shares of the company's stock valued at $71,000 after buying an additional 3,631 shares during the last quarter. Strs Ohio purchased a new position in Marine Products during the first quarter valued at $77,000. Summit Financial Strategies Inc. purchased a new position in Marine Products during the first quarter valued at $92,000. Burney Co. purchased a new position in Marine Products during the first quarter valued at $108,000. Finally, Barclays PLC raised its stake in Marine Products by 12.2% during the fourth quarter. Barclays PLC now owns 13,524 shares of the company's stock valued at $124,000 after buying an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company's stock.
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.
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