Marine Products (NYSE:MPX - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.
Marine Products Stock Up 5.6 %
MPX opened at $9.47 on Friday. The company has a market cap of $328.53 million, a PE ratio of 17.86 and a beta of 1.23. Marine Products has a twelve month low of $8.67 and a twelve month high of $12.47. The company has a 50-day moving average price of $9.35 and a 200 day moving average price of $9.55.
Marine Products (NYSE:MPX - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.07. Marine Products had a return on equity of 13.55% and a net margin of 7.32%. As a group, sell-side analysts expect that Marine Products will post 0.4 earnings per share for the current year.
Institutional Investors Weigh In On Marine Products
Large investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of Marine Products by 10.6% in the fourth quarter. Rhumbline Advisers now owns 12,923 shares of the company's stock worth $118,000 after buying an additional 1,236 shares in the last quarter. Barclays PLC raised its holdings in Marine Products by 173.0% in the 3rd quarter. Barclays PLC now owns 12,050 shares of the company's stock valued at $116,000 after acquiring an additional 7,636 shares during the last quarter. Geode Capital Management LLC lifted its stake in Marine Products by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 240,735 shares of the company's stock worth $2,333,000 after purchasing an additional 8,527 shares in the last quarter. De Lisle Partners LLP boosted its holdings in shares of Marine Products by 44.8% during the 3rd quarter. De Lisle Partners LLP now owns 297,992 shares of the company's stock worth $2,901,000 after purchasing an additional 92,181 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Marine Products by 661.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company's stock worth $199,000 after purchasing an additional 17,831 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company's stock.
About Marine Products
(
Get Free Report)
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.
Recommended Stories
Before you consider Marine Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marine Products wasn't on the list.
While Marine Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
