Marine Products Corp (NYSE: MPX) has reported earnings for its third fiscal quarter (ending September 30) of $0.10 versus $0.30 for the same period a year ago — a decline of -67%. For the latest four quarters through September 30, E.P.S. were $0.53 versus $1.40 for the same period a year ago — a decline of -62%.
Recent Price Action
Marine Products Corp (NYSE: MPX) stock increased 1.6% on 10/24/24. The shares closed at $9.59. However, this advance was accompanied by exceptionally low trading volume at 43% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.9% 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 F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Marine Products has a slightly negative Appreciation Score of 37 and a poor Power Rating of 15, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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