Melrose Industries (LON:MRO) Shares Down 7.9% – What’s Next?

Melrose Industries PLC (LON:MRO) shares dropped 7.9% on Friday . The company traded as low as GBX 488.80 ($6.32) and last traded at GBX 512.36 ($6.62). Approximately 15,742,509 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 9,543,342 shares. The stock had previously closed at GBX 556.40 ($7.19).

Analyst Upgrades and Downgrades

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

Melrose Industries Trading Down 11.7 %

The stock has a market capitalization of £6.35 billion, a P/E ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The stock’s fifty 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 announced its quarterly earnings data 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%. Equities research analysts forecast that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Insider Activity 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 transaction of £44,997 ($58,143.17). 1.00% of the stock is currently owned by company insiders.

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.