Marine Products Corp. (MPX) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Marine Products Corp. (NYSE:MPX) posted its quarterly earnings results on Wednesday. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01, American Banking News.com reports. The company had revenue of $41.99 million for the quarter, compared to the consensus estimate of $38.49 million.
Shares of Marine Products Corp. (NYSE:MPX) opened at 9.47 on Wednesday. Marine Products Corp. has a 52-week low of $5.08 and a 52-week high of $9.47. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $7.84. The company has a market cap of $360.8 million and a P/E ratio of 52.91.
Marine Products Corporation (NYSE:MPX) designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing markets.
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