Streetbeat News

MPX

Marine Products Corporation

https://www.marineproductscorp.com

Industry

Auto - Recreational Vehicles

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet 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 and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of 206 domestic and 92 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.

Open

9.57

Mkt cap

331M

Volume

16K

High

9.65

P/E Ratio

18.00

52-wk high

12.47

Low

9.45

Div yield

0.15

52-wk low

8.86

In Monday's after-market session, several consumer discretionary stocks experienced movement. ECARX Holdings (ECX) and China Liberal Education (CLEU) were among the gainers, with ECX rising 9.0% and CLEU up 6.81%. BowFlex (BFX), GigaCloud Tech (GCT), Rent the Runway (RENT), and AYRO also saw gains. Conversely, Newegg Commerce (NEGG), Marine Prods (MPX), REE Automotive (REE), Nogin (NOGN), Tupperware Brands (TUP), and Five Below (FIVE) were the losers, with NEGG leading the decline at 5.6%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 9:31 pm

The article lists the top 5 oversold consumer discretionary stocks with an RSI near or below 30, indicating potential undervaluation. Fisker Inc. (FSR) is set to report earnings with a recent gain in stock price. Fox Factory Holding Corp. (FOXF) reported disappointing financial results but acquired Marucci Sports. Marine Products Corporation (MPX) had weaker Q3 results due to post-COVID demand normalization and hurricane impact. XPEL, Inc. (XPEL) reported lower earnings but sees strong demand. Marriott Vacations Worldwide Corporation (VAC) experienced a drop in net income but expects recovery with Maui reopening.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 1:46 pm

The article lists the stocks that have gained and lost the most in Monday's mid-day session. Notable gainers include Miromatrix Medical, Eargo, VYNE Therapeutics, and JinkoSolar Holding, among others, due to various reasons such as acquisitions, private placements, FDA approvals, and strong quarterly results. On the other hand, significant losers include CommScope Holding, LumiraDx, Alzamend Neuro, and ON Semiconductor due to factors like disappointing financial results, Nasdaq delisting, and reverse stock splits.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 5:55 pm

During Monday's intraday session, several consumer discretionary stocks experienced significant movement. Notable gainers included Kaixin Auto Hldgs (KXIN), Vitru (VTRU), Yoshitsu Co (TKLF), SRM Entertainment (SRM), Nautilus (NLS), and Overstock.com (OSTK). On the other hand, BT Brands (BTBD), Connexa Sports Techs (CNXA), Marine Prods (MPX), Golden Heaven Group Hldgs (GDHG), Worksport (WKSP), and Mullen Automotive (MULN) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:31 pm

Marine Products Corporation reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:01 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Among the gainers were Abri SPAC I, Inc., Nuvve Holding Corp., BIO-key International, Inc., and Microsoft Corporation. Among the losers were Appreciate Holdings, Inc., Vicor Corporation, SunPower Corporation, and Alphabet Inc. Owens Corning shares fell by around 9% due to worse-than-expected third-quarter revenue results and issued fourth-quarter net sales guidance.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 5:49 pm

Marine Products Corporation (NYSE:MPX) reported Q3 earnings of $0.30 per share, missing the analyst consensus estimate of $0.36 by 16.67%. This is a decrease of 11.76% from the same period last year. The company also reported quarterly sales of $77.79 million, missing the analyst consensus estimate of $105.10 million by 25.99%. This is a decrease of 22.26% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:52 am

Benzinga Insights has identified several value stocks in the consumer cyclical sector that may be worth watching. These include Marine Prods (MPX), Kingsway Financial Servs (KFS), Toll Brothers (TOL), Graphic Packaging Holding (GPK), and Bath & Body Works (BBWI). The companies have shown various changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:44 pm

DA Davidson analyst Brandon Rolle initiates coverage on Marine Prods (NYSE:MPX) with a Neutral rating and announces a price target of $16.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 8:29 am

Marine Products Corporation (NYSE:MPX) has declared a quarterly cash dividend of $0.14 per share, payable on September 11, 2023, to common stockholders of record at the close of business on August 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:51 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.