Media headlines about Marine Products (NYSE:MPX) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marine Products earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.5521336583029 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Marine Products (MPX) traded down $0.20 during trading hours on Wednesday, hitting $14.94. The stock had a trading volume of 14,600 shares, compared to its average volume of 35,065. The company has a market capitalization of $526.52, a price-to-earnings ratio of 27.04 and a beta of 0.30. Marine Products has a 52 week low of $9.88 and a 52 week high of $17.12.

Marine Products (NYSE:MPX) last posted its earnings results on Wednesday, October 25th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $67.86 million. Marine Products had a net margin of 7.59% and a return on equity of 28.42%. equities research analysts predict that Marine Products will post 0.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, November 9th. Marine Products’s dividend payout ratio (DPR) is presently 50.00%.

MPX has been the subject of several research analyst reports. Ifs Securities reissued a “market perform” rating on shares of Marine Products in a report on Thursday, September 7th. B. Riley reaffirmed a “hold” rating and set a $13.00 target price (up from $12.00) on shares of Marine Products in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered 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 given a buy rating to the company’s stock. Marine Products has an average rating of “Hold” and an average price target of $15.50.

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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.

Insider Buying and Selling by Quarter for Marine Products (NYSE:MPX)

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