Finance

News Alert: Marine Products Corporation (NYSE:MPX)

Marine Products Corporation (NYSE:MPX) spotted trading -55.03% off 52-week high price. On the other end, the stock has been noted 21.57% away from the low price over the last 52-weeks. The stock changed 1.35% to recent value of $8.23. The stock transacted 31258 shares during most recent day however it has an average volume of 25.48K shares. The company has 33.15M of outstanding shares and 7.11M shares were floated in the market.

On April 17, 2020, Marine Products Corporation (NYSE:MPX) released that a foundation controlled and funded by the Company’s majority shareholder has initiated significant community support in Berrien County, GA, the community in which its Chaparral Boats subsidiary is located.

The O. Wayne Rollins Foundation is making a donation of $100,000 to The Caring Place, a local non-profit organization that provides access to basic resources to the surrounding community. This contribution will enable The Caring Place to enhance the frequency of its food distribution program located in Nashville, the county seat of Berrien County.

Chaparral Boats has operated in Nashville since 1976, stated Richard A. Hubbell, Chief Executive Officer. This community and its support mean a great deal to us. In turn, we have always been proud of our involvement in the local economy, and we are pleased to participate in a meaningful way to support our employees, their families, and the broader community in Nashville and Berrien County.

Chaparral Founder Buck Pegg continued, On behalf of our community and our employees we are very fortunate to have the support of the O. Wayne Rollins Foundation. The Rollins family have been great champions of our company throughout many decades. Our loyalty and dedication to our employees and our community is always a top priority to ensure our decisions and commitments are made in the best interest of those we proudly serve.

Its earnings per share (EPS) expected to touch remained -2.00% for this year while earning per share for the next 5-years is expected to reach at 10.00%. MPX has a gross margin of 22.40% and an operating margin of 11.70% while its profit margin remained 9.40% for the last 12 months.

According to the most recent quarter its current ratio was 4.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.75% from the mean of 20 days, -24.64% from mean of 50 days SMA and performed -39.59% from mean of 200 days price. Company’s performance for the week was -8.45%, 4.44% for month and YTD performance remained -42.85%.

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