Marine Products (NYSE:MPX) Announces Quarterly Earnings Results

Marine Products (NYSE:MPX) released its earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07, Zacks reports. Marine Products had a return on equity of 13.55% and a net margin of 7.32%.

Marine Products Stock Up 2.3 %

NYSE MPX traded up $0.21 on Thursday, reaching $9.17. 10,615 shares of the stock traded hands, compared to its average volume of 27,921. Marine Products has a 12 month low of $8.67 and a 12 month high of $12.47. The company has a market cap of $318.12 million, a price-to-earnings ratio of 17.29 and a beta of 1.23. The firm’s fifty day simple moving average is $9.36 and its 200 day simple moving average is $9.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Marine Products from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th.

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.