On 5/9/24, Marine Products Corp (NYSE: MPX) stock suffered a major decline of -13.6%, closing at $10.44. Moreover, exceptionally high trading volume at 336% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -5.9% 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 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 56 but a poor Power Rating of 15, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment