B. Riley initiated coverage on shares of Marine Products Corp. (NYSE:MPX) in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $9.00 price objective on the stock.
Marine Products Corp. (NYSE:MPX) traded up 2.80% during mid-day trading on Tuesday, hitting $9.53. 3,824 shares of the company’s stock traded hands. Marine Products Corp. has a 52 week low of $5.34 and a 52 week high of $9.89. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $8.55. The company has a market cap of $363.1 million and a price-to-earnings ratio of 52.97.
Marine Products Corp. (NYSE:MPX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $41.99 million for the quarter, compared to the consensus estimate of $38.49 million. On average, analysts predict that Marine Products Corp. will post $0.20 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.03 per share. This represents a dividend yield of 1.35%. The ex-dividend date is Wednesday, November 6th.
Marine Products Corporation (NYSE:MPX) designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing markets.
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