Ocean Bio-Chem - OBCI Stock Forecast, Price & News

Ocean Bio-Chem, Inc. manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, waxes, enzyme fuel treatments, private label products, motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories. It also manufactures automotive products, such as fuel treatments for gas and diesel engines, motor oils, greases, and related items; anti-freeze and windshield washes; and automotive polishes, cleaners, and other items. In addition, the company offers fuel treatment and other specialty products to the recreational vehicle market; solutions to various problems associated with E-10 fuel; and other specialty recreational vehicle/power sports products, including cleaners, polishes, detergents, fabric cleaners and protectors, silicone sealants, waterproofers, gasket materials, degreasers, vinyl cleaners and protectors, toilet treatment fluids, and anti-freeze/coolants. Further, it provides solutions to rectify operating engine problems in commercial lawn, and other home and garden power equipment; deodorizers, disinfectants, and sanitizers, as well as mildew odor control bags and boat odor sanitizers; blends and packages chemical formulations; and manufactures PVC and HDPE blow molded bottles. The company sells its products under the Star Tron, Performacide, and Star brite brands through retailers and online retailers, as well as to distributors. Ocean Bio-Chem, Inc. was founded in 1973 and is headquartered in Fort Lauderdale, Florida.

Ocean Bio-Chem Price Performance

OBCI opened at $13.03 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.73 and a quick ratio of 2.27. The stock's 50 day simple moving average is $11.00 and its 200 day simple moving average is $9.25. The firm has a market cap of $123.92 million, a price-to-earnings ratio of 25.06 and a beta of -0.25. Ocean Bio-Chem has a 1 year low of $5.90 and a 1 year high of $13.05.

Ocean Bio-Chem (NASDAQ:OBCI - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Ocean Bio-Chem had a return on equity of 10.24% and a net margin of 7.69%. The firm had revenue of $15.21 million during the quarter.

Ocean Bio-Chem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Wednesday, June 8th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. This is an increase from Ocean Bio-Chem's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, June 7th. Ocean Bio-Chem's dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Ocean Bio-Chem in a research report on Tuesday. They set a "buy" rating for the company.