Today, the VP, CFO, & Corporate Secretary of Marine Products Corp (NYSE: MPX), Ben Palmer, sold shares of MPX for $41.46K.
Following Ben Palmer’s last MPX Sell transaction on June 14, 2017, the stock climbed by 2.4%.
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Based on Marine Products Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $77.54 million and quarterly net profit of $7.4 million. In comparison, last year the company earned revenue of $71.04 million and had a net profit of $5.1 million. MPX’s market cap is $554.8M and the company has a P/E ratio of 25.93. Currently, Marine Products Corp has an average volume of 13.94K.
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Marine Products Corp. engages in the manufacture and market of fiberglass motorized boats and distributed through its independent dealer network. It manufactures Chaparral sterndrive pleasure boats including H2O sport and fish & ski boats, SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and Robalo outboard sport fishing boats. The company was founded on February 28, 2001 and is headquartered in Atlanta, GA.
