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2 CG Stocks Highlights-> Marine Products Corp. (MPX), Sequential Brands Group Inc (SQBG)

On Friday, Shares of Marine Products Corp. (NYSE:MPX) increased 1.92% and closed at $15.41 after opening 15.16 with the overall traded volume of 47,787 shares. The company’s Market capitalization reached to $549.02 million, $34.96 million outstanding shares. Its low price was $14.80 and the highest price was $15.65.

Marine Products Corp. (MPX) announced that it will release its financial results for the second quarter ended June 30, 2017 on Wednesday, July 26, 2017 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company’s financial and operating results on Wednesday, July 26, 2017 at 8:00 a.m. Eastern Time.

Individuals wishing to participate in the conference call should dial (877) 548-7906 or (719) 457-2647 for international callers, and use conference ID number 9113877.  For interested individuals unable to join via telephone, the call also will be broadcast and archived for 90 days on the Company’s investor website at www.marineproductscorp.com.   Interested parties are encouraged to click on the webcast link 10-15 minutes prior to the start of the conference call.

Shares of Sequential Brands Group Inc (NASDAQ:SQBG) decreased -0.56% and closed at $3.55 after opening 3.58 with the overall traded volume of 133,230 shares. The company’s Market capitalization reached to $223.64 million, $63.00 million outstanding shares. Its low price was $3.49 and the highest price was $3.62. The EPS is -0.02.

Sequential Brands Group Inc (SQBG) on June 29, 2017 announced a key category expansion for its lifestyle brand Heelys® as it entered into a long-term license agreement with Sugar Plum NY to produce a line of activewear for children.

Heelys first activewear collection will launch in Spring 2018 and feature girls’ skorts, leggings, shorts, capris, tank tops, tee shirts and hoodies in a variety of unique and sassy prints, vibrant solids and dynamic combinations of both. A line of boys’ active apparel will launch Holiday 2018.

“In the past four years, Sequential has reinvigorated the Heely’s brand, more than doubled the core business in footwear with our partner BBC, and expanded to new categories, first in backpacks and now in activewear.  We believe the brand is well positioned for continued growth, and this new launch will further strengthen Heelys as a lifestyle brand in the global market,” said Chad Wagenheim, EVP, Strategic Development at Sequential.

“We are thrilled to partner with Sequential to bring children fun athleisure wear in quality fabrics. Our collection of pants, shorts, tops and hoodies in eye-catching colors complement the Heelys footwear styles we know children will love to wear,” added Michael Fallas, President and Owner of Sugar Plum NY, a leading children’s apparel distributor.

The Heelys Activewear Collection will be on display at Sugar Plum NY’s booth at Children’s Club from August 6 – 8 at the Jacob Javits Center in New York and at Children’s Club Magic from August 14-16 at the Las Vegas Convention Center.

 

 

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