Marine Products Corporation Com (NYSE:MPX):
Marine Products Corporation Announces Change in Term and Price of Tender Offer and Quarterly Dividend.
The company is trading up by 0.85 percent from yesterday’s close.
Additionally Marine Products Corporation Com declared a dividend for shareholders that was paid on Friday September 9th, 2016. The dividend was $0.060 per share for the quarter which comes to $0.24 on an annualized basis. This dividend represents a yield of $2.60. The ex-dividend date was Monday the 8th of August 2016.
Shares last traded at $9.44 which is just over $8.95, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $8.67. The 50 day moving average moved up $0.49 and the 200 day average went up $0.77 or +8.85%.
The most current P/E ratio is 21.26 and the market cap is 362.06M. In the latest earnings report the EPS was $0.44 and is expected to be $0.50 for the current year with 38,354,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.16 with next year’s EPS anticipated to be $0.63.
Ratings analysts have issued ratings on Marine Products Corporation Com. On April 28 the company was downgraded to “Neutral” from “Buy” in a report issued by B. Riley. January 28 investment analysts at B. Riley left the stock rating at “Buy” but raised the price target from $8.00 to $8.50.
On April 24 B. Riley held the company rating at “Neutral” and lowered the price target to $8.25 from $9.00.