Shares of Marine Products Corporation (NYSE:MPX) have taken a tremendous swing upward. The stock is trading at $6.10 as of 2:05 p.m. ET, 21.3% above Wednesday's closing price of $5.03. Volume is at 37,734, 1.6 times the daily average of 24,200.
NEW YORK ( TheStreet) -- Shares of Marine Products Corporation (NYSE: MPX) have taken a tremendous swing upward. The stock is trading at $6.10 as of 2:05 p.m. ET, 21.3% above Wednesday's closing price of $5.03. Volume is at 37,734, 1.6 times the daily average of 24,200. Marine has a market cap of $178.1 million and is part of the consumer goods sector and automotive industry. Shares are down 24.5% year to date as of the close of trading on Wednesday. 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 52.9, above the average automotive industry P/E ratio of 47.6 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. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.