Marine Products (NYSE:MPX – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07, Zacks reports. Marine Products had a net margin of 7.32% and a return on equity of 13.55%.
Marine Products Trading Up 5.6 %
MPX opened at $9.47 on Friday. The stock’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $9.55. Marine Products has a 1-year low of $8.67 and a 1-year high of $12.47. The stock has a market cap of $328.53 million, a PE ratio of 17.86 and a beta of 1.23.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Marine Products from a “hold” rating to a “buy” rating in a research note on Friday.
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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