Marine Products - MPX Stock Forecast, Price & News

Marine Products' stock was trading at $12.50 at the start of the year. Since then, MPX stock has decreased by 27.3% and is now trading at $9.09.
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Marine Products saw a decline in short interest in August. As of August 31st, there was short interest totaling 147,600 shares, a decline of 9.4% from the August 15th total of 163,000 shares. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 5.2 days. Approximately 1.8% of the company's stock are sold short.
View Marine Products' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MPX earnings forecast.

Marine Products Co. (NYSE:MPX) announced its quarterly earnings data on Wednesday, July, 27th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $95.81 million for the quarter. Marine Products had a net margin of 9.90% and a trailing twelve-month return on equity of 31.97%.

Marine Products announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.12 per share on Friday, September 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Tuesday, August 9th.
Read our dividend analysis for MPX.

Marine Products (NYSE:MPX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 5.25%. MPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MPX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marine Products investors own include Weyerhaeuser (WY), KeyCorp (KEY), Altria Group (MO), NVIDIA (NVDA), Exxon Mobil (XOM), Freeport-McMoRan (FCX), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F) and Foot Locker (FL).

Marine Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPX."

Shares of MPX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MPX stock can currently be purchased for approximately $9.09.

Marine Products (NYSE:MPX) has a market capitalization of $311.22 million and generates $298.01 million in revenue each year. The company earns $29.03 million in net income (profit) each year or $0.95 on an earnings per share basis.

The company employs 880 workers across the globe.

Marine Products' mailing address is 2801 BUFORD HIGHWAY NE SUITE 300, ATLANTA GA, 30329. The official website for the company is www.marineproductscorp.com. The company can be reached via phone at (404) 321-7910, via email at jlanders@marineproductscorp.com, or via fax at 404-321-5483.