Marine Products Corp. (MPX) Jumps 10.4% on January 27

Equities Staff |

Marine Products Corp. (MPX) was among the biggest gainers on the Russell 2000 for Wednesday January 27 as the stock popped 10.4% to $6.37, representing a gain of $0.6 per share. Some 18,593 shares traded hands on 114 trades, compared with an average daily volume of 12,279 shares out of a total float of 38.14 million. The stock opened at $6.25 and traded with an intraday range of $6.64 to $6.25.

After today's gains, Marine Products Corp. reached a market cap of $242.93 million. Marine Products Corp. has had a trading range between $8.99 and $4.92 over the last year, and it had a 50-day SMA of $6.25 and a 200-day SMA of $6.61.

The stock has a P/E Ratio of 17.

Marine Products Corp manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Its product offerings include Chaparral sterndrive pleasure boats and Robalo outboard sport fishing boats.

Marine Products Corp. is based out of Atlanta, GA and has some 605 employees. Its CEO is Richard A. Hubbell.

For a complete fundamental analysis analysis of Marine Products Corp., check out Equities.com’s Stock Valuation Analysis report for MPX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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