Malibu Boats (NASDAQ:MBUU) Hits New 12-Month Low - Should You Sell?

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $29.19 and last traded at $29.83, with a volume of 201997 shares changing hands. The stock had previously closed at $30.81.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MBUU shares. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. KeyCorp lowered shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Truist Financial boosted their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Benchmark reiterated a "buy" rating and set a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Malibu Boats currently has a consensus rating of "Hold" and a consensus price target of $42.83.

Malibu Boats Stock Down 3.0 %

The company has a market cap of $579.04 million, a price-to-earnings ratio of -6.78 and a beta of 1.42. The firm has a 50-day moving average price of $34.83 and a 200 day moving average price of $38.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.

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Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. Sell-side analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Institutional Trading of Malibu Boats

A number of institutional investors have recently bought and sold shares of MBUU. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats in the fourth quarter valued at approximately $38,000. Quarry LP acquired a new position in Malibu Boats in the 4th quarter valued at $45,000. Central Pacific Bank Trust Division lifted its position in shares of Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after acquiring an additional 368 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats during the 4th quarter worth $150,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter worth $207,000. Institutional investors own 91.35% of the company's stock.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.