Marine Products (MPX) Receives Coverage Optimism Score of 0.10

Press coverage about Marine Products (NYSE:MPX) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marine Products earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.8992467338512 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of NYSE:MPX traded up $0.30 during mid-day trading on Tuesday, reaching $14.38. 3,459 shares of the stock were exchanged, compared to its average volume of 20,724. The company has a market cap of $482.07, a PE ratio of 23.97 and a beta of 0.36. Marine Products has a one year low of $10.65 and a one year high of $17.12.

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Marine Products (NYSE:MPX) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $65.59 million during the quarter, compared to the consensus estimate of $67.68 million. Marine Products had a return on equity of 29.88% and a net margin of 7.22%. research analysts anticipate that Marine Products will post 0.74 EPS for the current year.

A number of research firms recently issued reports on MPX. Zacks Investment Research upgraded Marine Products from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine upgraded Marine Products from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Ifs Securities upgraded Marine Products from a “market perform” rating to an “outperform” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.50.

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Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. It provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex Jet Boats, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.

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