Notable News Spotlight: Marine Products Corporation (NYSE: MPX)

Marine Products Corporation (NYSE: MPX) spotted trading -42.84% off 52-week high price. On the other end, the stock has been noted 13.14% away from the low price over the last 52-weeks. The stock changed 1.73% to recent value of $14.12. The stock transacted 29995 shares during most recent day however it has an average volume of 24.95K shares. The company has 34.26M of outstanding shares and 7.27M shares were floated in the market.

On July 24, 2019, Marine Products Corporation (NYSE: MPX) announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share payable September 10, 2019 to common stockholders of record at the close of business on August 9, 2019.

Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive, jet drive and outboard pleasure boats, and Robalo outboard sport fishing boats.  The Company continues to diversify its product lines through product innovation.  With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.

Its earnings per share (EPS) expected to touch remained 36.60% for this year while earning per share for the next 5-years is expected to reach at 10.00%. MPX has a gross margin of 22.20% and an operating margin of 11.60% while its profit margin remained 9.10% for the last 12 months.

According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.05% from the mean of 20 days, -5.57% from mean of 50 days SMA and performed -14.34% from mean of 200 days price. Company’s performance for the week was 4.28%, -14.22% for month and YTD performance remained -16.50%.

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