Marine Products Corporation Com (NYSE:MPX):
Timothy C. Rollins Appointed to the Marine Products Corporation Board of Directors.
The company is so far trading up since yesterday’s close of $9.36.
Marine Products Corporation Com also declared a dividend paid on Friday September 9th, 2016. The dividend payment was $0.060 per share for the quarter which is $0.24 annualized. This dividend represents a yield of $2.60. The ex-dividend date was set for Monday the 8th of August 2016.
The stock is trading at $9.44 which is marginally over $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% whereas the 200 day average was up by +8.85%.
The company currently has a P/E ratio of 21.26 and the market cap is 362.06M. As of 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 now outstanding. Next quarter’s EPS is expected be $0.16 and the next full year EPS is anticipated to be $0.63.
Ratings analysts have weighed in on the company. On April 28 the company was changed to a “Neutral” according to a B. Riley report which is down from the previous “Buy” rating. On January 28 B. Riley held the stock rating at “Buy” but raised the price target from $8.00 to $8.50.
April 24 investment analysts at B. Riley maintained a company rating of “Neutral” and lowered the price target to $8.25 from $9.00.