Marine Products (MPX) Getting Somewhat Positive Media Coverage, Study Finds
News articles about Marine Products (NYSE:MPX) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marine Products earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.8311218873031 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
MPX has been the subject of a number of research reports. B. Riley reissued a “hold” rating and issued a $13.00 price target (up previously from $12.00) on shares of Marine Products in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Marine Products from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.50.
Shares of Marine Products (NYSE:MPX) traded up $0.29 during trading on Friday, hitting $13.67. 12,200 shares of the company were exchanged, compared to its average volume of 24,612. The firm has a market capitalization of $474.00, a price-to-earnings ratio of 24.41 and a beta of 0.31. Marine Products has a fifty-two week low of $9.88 and a fifty-two week high of $17.12.
Marine Products (NYSE:MPX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Marine Products had a net margin of 7.59% and a return on equity of 28.42%. The business had revenue of $59.20 million during the quarter, compared to the consensus estimate of $67.86 million. research analysts forecast that Marine Products will post 0.63 EPS for the current year.
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Marine Products 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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