Marine Products Corporation Com (NYSE:MPX):
Marine Products Corporation Reports Third Quarter 2016 Financial Results.
In the market the company is trading up from yesterday’s close of $9.36.
Marine Products Corporation Com recently announced a dividend for shareholders paid on Friday September 9th, 2016. The dividend payment was $0.060 per share for the quarter or $0.24 on an annualized basis. This dividend amount was represent a yeild of $2.60. The ex-dividend date was set for Monday the 8th of August 2016.
Shares last traded at $9.44 just a bit higher than $8.95, the stock’s 50 day moving average and marginally over the 200 day moving average of $8.67. The 50 day moving average was up $0.49 or +5.43% and the 200 day average went up $0.77 or +8.85%.
The company currently has a P/E ratio of 21.26 and the market value is 362.06M. In the last earnings report the EPS was $0.44 and is projected to be $0.50 for the current year with 38,354,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.16 with next year’s EPS anticipated to be $0.63.
A few Wall Street investment firms have weighed in on the company recently. On April 28 the stock rating was downgraded to “Neutral” from “Buy” in a statement from B. Riley. On January 28 B. Riley left the company rating at “Buy” and raised the price target from $8.00 to $8.50.
April 24 investment analysts at B. Riley maintained a stock rating of “Neutral” but moved down the price target to $8.25 from $9.00.