Marine Products Corp (NYSE: MPX) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Slight negative changes in fundamentals have recently occurred for Marine Products Corp (NYSE: MPX): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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 52 but a poor Power Rating of 30, and the Negative Value Trend Rating results.
Recent Price Action
On 8/9/24, Marine Products Corp (NYSE: MPX) stock declined by -4.3%, closing at $9.27. Moreover, exceptionally high trading volume at 238% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -9.0% during the last week.
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