Malibu Boats (NASDAQ:MBUU) Trading 5.1% Higher
Malibu Boats Inc (NASDAQ:MBUU)’s share price traded up 5.1% on Wednesday . The stock traded as high as $28.17 and last traded at $27.99, 405,909 shares were traded during trading. An increase of 92% from the average session volume of 211,023 shares. The stock had previously closed at $26.64.
Several analysts have weighed in on the company. ValuEngine downgraded Malibu Boats from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. SunTrust Banks decreased their price objective on Malibu Boats to $48.00 and set a “buy” rating for the company in a report on Monday, June 17th. B. Riley set a $62.00 price objective on Malibu Boats and gave the company a “buy” rating in a report on Wednesday. BidaskClub cut Malibu Boats from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 24th. Finally, Raymond James cut Malibu Boats from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.29.
The firm has a market cap of $543.85 million, a price-to-earnings ratio of 10.36, a PEG ratio of 0.68 and a beta of 1.80. The company has a fifty day moving average price of $31.37 and a 200-day moving average price of $38.57. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68.
About Malibu Boats (NASDAQ:MBUU)
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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