Positive Media Coverage Very Likely to Affect Marine Products Corporation (MPX) Share Price
News stories about Marine Products Corporation (NYSE:MPX) have been trending positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Marine Products Corporation earned a daily sentiment score of 0.46 on Accern’s scale. Accern also assigned news articles about the company an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the immediate future.
MPX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Marine Products Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, May 2nd. B. Riley restated a “neutral” rating and issued a $11.50 target price on shares of Marine Products Corporation in a research note on Friday, April 28th.
Shares of Marine Products Corporation (NYSE MPX) traded up 0.19% during mid-day trading on Friday, hitting $15.86. The stock had a trading volume of 19,778 shares. Marine Products Corporation has a 1-year low of $8.30 and a 1-year high of $16.25. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $12.37. The firm has a market capitalization of $554.42 million, a PE ratio of 32.50 and a beta of 0.35.
Marine Products Corporation (NYSE:MPX) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Marine Products Corporation had a return on equity of 22.18% and a net margin of 7.27%. The business had revenue of $71.04 million for the quarter, compared to analysts’ expectations of $65 million. Equities analysts expect that Marine Products Corporation will post $0.61 earnings per share for the current year.
In related news, CFO Ben M. Palmer sold 13,500 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $14.05, for a total value of $189,675.00. Following the transaction, the chief financial officer now directly owns 378,573 shares of the company’s stock, valued at approximately $5,318,950.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ben M. Palmer sold 2,500 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $14.27, for a total value of $35,675.00. Following the completion of the transaction, the chief financial officer now directly owns 383,573 shares in the company, valued at $5,473,586.71. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock worth $297,100 over the last three months. 77.90% of the stock is currently owned by insiders.
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Marine Products Corporation Company Profile
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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