Published On: Wed, Sep 7th, 2016

MCBC Holdings Inc. (MCFT) Shares Up 5.6%

Shares of MCBC Holdings Inc. (NASDAQ:MCFT) traded up 5.6% on Wednesday . The company traded as high as $12.81 and last traded at $12.76, with a volume of 73,955 shares. The stock had previously closed at $12.08.
A number of analysts have weighed in on the company. Zacks Investment Research cut MCBC Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Wunderlich reduced their price target on MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, May 27th. B. Riley reaffirmed a “buy” rating and issued a $25.00 price target on shares of MCBC Holdings in a research report on Thursday, May 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of MCBC Holdings in a research report on Saturday, June 25th.
The firm has a market capitalization of $235.98 million and a price-to-earnings ratio of 26.61. The firm has a 50-day moving average of $11.57 and a 200-day moving average of $12.64.
MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.

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