Marine Products Corporation (MPX) Getting Somewhat Favorable Media Coverage, Study Shows
News headlines about Marine Products Corporation (NYSE:MPX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marine Products Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6938347503145 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Marine Products Corporation (NYSE MPX) traded up 0.74% during midday trading on Friday, hitting $16.40. The stock had a trading volume of 12,289 shares. The firm’s 50-day moving average price is $15.45 and its 200-day moving average price is $13.87. Marine Products Corporation has a one year low of $8.76 and a one year high of $17.12. The firm has a market capitalization of $572.06 million, a PE ratio of 30.65 and a beta of 0.32.
Marine Products Corporation (NYSE:MPX) last posted its earnings results on Wednesday, July 26th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $71.48 million for the quarter, compared to analyst estimates of $73.33 million. Marine Products Corporation had a return on equity of 25.69% and a net margin of 7.60%. On average, equities analysts predict that Marine Products Corporation will post $0.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.72%. Marine Products Corporation’s dividend payout ratio is presently 51.85%.
MPX has been the subject of several analyst reports. Zacks Investment Research raised Marine Products Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, September 26th. ValuEngine raised Marine Products Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 28th. BidaskClub downgraded Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Ifs Securities reaffirmed a “market perform” rating on shares of Marine Products Corporation in a report on Thursday, September 7th. Finally, B. Riley reaffirmed a “neutral” rating and set a $12.00 target price on shares of Marine Products Corporation in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.00.
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In other news, Director Pam R. Rollins purchased 6,070 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $14.90 per share, for a total transaction of $90,443.00. Following the completion of the acquisition, the director now directly owns 1,104 shares in the company, valued at approximately $16,449.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pam R. Rollins purchased 3,930 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $15.14 per share, for a total transaction of $59,500.20. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $151,400. The disclosure for this purchase can be found here. Insiders own 77.90% of the company’s stock.
Marine Products Corporation Company Profile
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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