Favorable Media Coverage Somewhat Unlikely to Impact Marine Products (NYSE:MPX) Stock Price
News coverage about Marine Products (NYSE:MPX) has trended positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marine Products earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media stories about the company an impact score of 48.539553496019 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
MPX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Marine Products from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 27th. Ifs Securities upgraded shares of Marine Products from a “market perform” rating to an “outperform” rating in a report on Monday, January 29th. Finally, ValuEngine upgraded shares of Marine Products from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Marine Products presently has a consensus rating of “Hold” and a consensus price target of $15.50.
Shares of Marine Products (NYSE:MPX) opened at $14.88 on Thursday. Marine Products has a 12-month low of $9.88 and a 12-month high of $17.12. The firm has a market cap of $512.89, a PE ratio of 24.28 and a beta of 0.37.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be issued a dividend of $0.10 per share. This is an increase from Marine Products’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 8th. Marine Products’s dividend payout ratio (DPR) is currently 71.43%.
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Marine Products Company Profile
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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