Marine Products (NYSE:MPX) Shares Pass Above 200 Day Moving Average of $10.95

Marine Products Co. (NYSE:MPX) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.95 and traded as high as $11.39. Marine Products shares last traded at $11.27, with a volume of 38,728 shares traded.

Marine Products Stock Performance

The company has a market cap of $390.84 million, a price-to-earnings ratio of 9.24 and a beta of 1.26. The stock’s fifty day moving average is $10.93 and its two-hundred day moving average is $10.95.

Marine Products (NYSE:MPX) last posted its earnings results on Thursday, January 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $70.87 million during the quarter. Marine Products had a return on equity of 28.84% and a net margin of 10.87%. During the same quarter in the previous year, the company earned $0.35 EPS. On average, equities research analysts expect that Marine Products Co. will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Marine Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPX. Denali Advisors LLC increased its stake in Marine Products by 50.1% in the 3rd quarter. Denali Advisors LLC now owns 55,100 shares of the company’s stock valued at $783,000 after buying an additional 18,400 shares during the last quarter. Strs Ohio grew its position in shares of Marine Products by 19.5% during the 3rd quarter. Strs Ohio now owns 37,400 shares of the company’s stock valued at $531,000 after acquiring an additional 6,100 shares during the period. Barclays PLC grew its position in shares of Marine Products by 161.1% during the 3rd quarter. Barclays PLC now owns 6,076 shares of the company’s stock valued at $86,000 after acquiring an additional 3,749 shares during the period. Swiss National Bank bought a new position in shares of Marine Products during the 3rd quarter valued at approximately $323,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Marine Products during the 3rd quarter valued at approximately $367,000. Hedge funds and other institutional investors own 13.86% of the company’s stock.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.