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

Melrose Industries PLC (LON:MRO) shares were down 11.7% on Friday . The stock traded as low as GBX 488.80 ($6.32) and last traded at GBX 491.24 ($6.35). Approximately 18,429,754 shares changed 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 ($7.19).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.98) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Trading Down 11.7 %

The company has a market capitalization of £6.35 billion, a price-to-earnings ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The business’s 50 day moving average price is GBX 596.44 and its two-hundred day moving average price is GBX 531.51.

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

Insider Buying and Selling at Melrose Industries

In related news, insider David Lis sold 7,950 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.31), for a total value of £44,997 ($58,143.17). Insiders own 1.00% of the company’s stock.

About Melrose Industries

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.