Marine Products (NYSE:MPX – Get Free Report) released its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07, Zacks reports. Marine Products had a return on equity of 13.55% and a net margin of 7.32%.
Marine Products Stock Performance
NYSE:MPX traded up $0.24 on Thursday, hitting $9.20. The stock had a trading volume of 13,010 shares, compared to its average volume of 28,002. Marine Products has a 1 year low of $8.67 and a 1 year high of $12.47. The firm’s fifty day simple moving average is $9.36 and its two-hundred day simple moving average is $9.55. The stock has a market cap of $319.33 million, a P/E ratio of 17.36 and a beta of 1.23.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Marine Products from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.
Marine Products Company Profile
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.
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