Ocean Bio-Chem (OBCI) Issues Quarterly Earnings Results

Ocean Bio-Chem (NASDAQ:OBCI) issued its quarterly earnings data on Wednesday. The company reported $0.08 EPS for the quarter, MarketWatch Earnings reports. Ocean Bio-Chem had a net margin of 6.68% and a return on equity of 10.56%. The business had revenue of $9.08 million during the quarter.

NASDAQ OBCI traded up $0.34 during trading on Thursday, hitting $3.31. The company had a trading volume of 2,336 shares, compared to its average volume of 8,767. The company has a current ratio of 7.83, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Ocean Bio-Chem has a one year low of $2.90 and a one year high of $4.78. The firm has a market capitalization of $28.00 million, a PE ratio of 9.65 and a beta of 0.99.

The business also recently disclosed a special dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, April 4th.

Separately, TheStreet lowered shares of Ocean Bio-Chem from a “b-” rating to a “c+” rating in a report on Thursday, April 4th.

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About Ocean Bio-Chem

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and waxes; enzyme fuel treatments; private label products; motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, poles, tie-downs, and other related accessories.

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Earnings History for Ocean Bio-Chem (NASDAQ:OBCI)

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