For its second fiscal quarter (ending June 30), Marine Products Corp (NYSE: MPX) has reported a -67% decline in E.P.S. from $0.42 a year ago to $0.14 in the current quarter. This result was in line with the consensus estimate of $0.14. E.P.S. were $0.74 for the latest four quarters through June 30 versus $1.44 for the same period a year ago — a decline of -49%.
Recent Price Action
On 7/25/24, Marine Products Corp (NYSE: MPX) stock enjoyed a very large increase of 5.8%, closing at $10.45. Moreover, above average trading volume at 123% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
MPX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Marine Products has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Marine Products has a neutral Appreciation Score of 50 but a poor Power Rating of 30, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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