Melrose Industries (LON:MRO) Stock Price Down 11.7% – Time to Sell?

Shares of Melrose Industries PLC (LON:MRO) dropped 11.7% during trading on Friday . The company traded as low as GBX 488.80 ($6.30) and last traded at GBX 491.24 ($6.33). Approximately 18,429,754 shares traded hands during trading, an increase of 92% from the average daily volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.17).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 850 ($10.95) price target on shares of Melrose Industries in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Melrose Industries presently has a consensus rating of “Moderate Buy” and an average target price of GBX 640 ($8.25).

Melrose Industries Trading Down 11.7 %

The stock has a market capitalization of £6.35 billion, a PE ratio of -166.14, a PEG ratio of 0.48 and a beta of 1.51. The stock’s 50 day moving average price is GBX 597.55 and its 200-day moving average price is GBX 531.47. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.

Melrose Industries (LON:MRO) last issued its earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, sell-side analysts expect that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider David Lis sold 7,950 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.29), for a total transaction of £44,997 ($57,985.82). Insiders own 1.00% of the company’s stock.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.