NYSE:MPXMarine Products Stock Price, Forecast & News

Marine Products' stock was trading at $10.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MPX shares have increased by 11.5% and is now trading at $11.25. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marine Products in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Marine Products.

Marine Products is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Marine Products.

Marine Products Corp. (NYSE:MPX) released its earnings results on Wednesday, April, 29th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.09. The business had revenue of $59.12 million for the quarter, compared to analysts' expectations of $85.16 million. Marine Products had a net margin of 9.31% and a return on equity of 31.68%. View Marine Products' earnings history.

Marine Products declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be given a dividend of $0.08 per share on Wednesday, June 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, May 8th. View Marine Products' dividend history.

1 analysts have issued 1-year price targets for Marine Products' shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Marine Products' share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 11.1%. View analysts' price targets for Marine Products.

Media coverage about MPX stock has trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Marine Products earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMarine Products.

Marine Products saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 289,400 shares, a decrease of 15.9% from the April 15th total of 344,200 shares. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 11.3 days. Approximately 4.1% of the company's shares are sold short. View Marine Products' Current Options Chain.

Some companies that are related to Marine Products include Hasbro (HAS), Polaris Industries (PII), Brunswick (BC), Mattel (MAT), Callaway Golf (ELY), Sturm Ruger & Company Inc (RGR), Johnson Outdoors (JOUT), American Outdoor Brands (AOBC) and JAKKS Pacific (JAKK). View all competitors.

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

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

Marine Products' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Teton Advisors Inc. (2.33%), Gamco Investors INC. ET AL (2.30%), BlackRock Inc. (1.62%), Gabelli Funds LLC (0.79%), State Street Corp (0.47%) and Bank of New York Mellon Corp (0.45%). View institutional ownership trends for Marine Products.

MPX stock was sold by a variety of institutional investors in the last quarter, including Teton Advisors Inc., Morgan Stanley, Bank of New York Mellon Corp, UBS Group AG, Russell Investments Group Ltd., Gamco Investors INC. ET AL, Gratus Capital LLC, and Gabelli Funds LLC. View insider buying and selling activity for Marine Products.

MPX stock was bought by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, State Street Corp, and Geode Capital Management LLC. View insider buying and selling activity for Marine Products.

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

One share of MPX stock can currently be purchased for approximately $11.25.

Marine Products has a market capitalization of $382.16 million and generates $292.14 million in revenue each year. The company earns $28.24 million in net income (profit) each year or $0.83 on an earnings per share basis. Marine Products employs 976 workers across the globe.

The official website for Marine Products is www.marineproductscorp.com.

Marine Products' mailing address is 2801 BUFORD HIGHWAY NE SUITE 520, ATLANTA GA, 30329. The company can be reached via phone at 404-321-7910 or via email at [email protected]