Malibu Boats traded at $29.06 this Friday February 27th, decreasing $1.12 or 3.71 percent since the previous trading session. Looking back, over the last four weeks, Malibu Boats lost 8.85 percent. Over the last 12 months, its price fell by 12.94 percent. Looking ahead, we forecast Malibu Boats to be priced at 30.65 by the end of this quarter and at 27.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
Malibu Boats, Inc. is a designer, manufacturer, and marketer of a range of recreational powerboats. The Company operates through three segments: Malibu, Saltwater Fishing and Cobalt. The Malibu segment includes manufacturing, distributing, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Saltwater Fishing segment includes manufacturing, distributing, marketing and sales throughout the world of Pursuit boats and the Maverick Boat Group boats (Maverick, Cobia, Pathfinder and Hewes). The Cobalt segment includes manufacturing, distributing, marketing, and sale of Cobalt boats throughout the world. The Company's boats are used for a range of recreational boating activities including, among others, water sports such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. It sells its boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brand names.