Marine Stock Soars (MPX)

NEW YORK ( TheStreet) -- Shares of Marine Products Corporation (NYSE: MPX) have taken a tremendous swing upward. The stock is trading at $4.34 as of 3:59 p.m. ET, 24.7% above Monday's closing price of $3.48. Volume is at 35,659, 1.5 times the daily average of 23,900.

Marine has a market cap of $127.9 million and is part of the consumer goods sector and automotive industry. Shares are down 47.7% year to date as of the close of trading on Monday.

Marine Products Corporation, through its subsidiaries, engages in the design, manufacture, and sale of recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, and sport fishing markets in the United States and internationally. The company has a P/E ratio of 38, above the average automotive industry P/E ratio of 34.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Marine as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Marine Ratings Report.

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