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

Marine Products Co. (NYSE:MPX)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 firm has a market capitalization of $390.84 million, a PE ratio of 9.24 and a beta of 1.26. The company’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.95.

Marine Products (NYSE:MPX) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Marine Products had a return on equity of 28.84% and a net margin of 10.87%. The company had revenue of $70.87 million for the quarter. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, analysts anticipate that Marine Products Co. will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Marine Products

Several hedge funds and other institutional investors have recently bought and sold shares of MPX. Victory Capital Management Inc. acquired a new stake in Marine Products during the 4th quarter worth $72,000. Barclays PLC raised its stake in Marine Products by 161.1% during the 3rd quarter. Barclays PLC now owns 6,076 shares of the company’s stock worth $86,000 after acquiring an additional 3,749 shares in the last quarter. Triumph Capital Management acquired a new stake in Marine Products during the 4th quarter worth $155,000. Teacher Retirement System of Texas acquired a new stake in Marine Products during the 4th quarter worth $155,000. Finally, Quadrature Capital Ltd acquired a new stake in Marine Products during the 3rd quarter worth $170,000. 13.86% of the stock is currently owned by institutional investors and hedge funds.

About Marine Products

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.