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

Melrose Industries PLC (LON:MRO) shares traded down 11.7% on Saturday . The company traded as low as GBX 488.80 ($6.32) and last traded at GBX 491.24 ($6.35). 18,429,754 shares traded hands during trading, an increase of 92% from the average session volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.19).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.99) 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Melrose Industries has an average rating of “Moderate Buy” and an average target price of GBX 640 ($8.27).

Melrose Industries Price Performance

The firm has a market capitalization of £6.35 billion, a P/E ratio of -166.14, a PEG ratio of 0.48 and a beta of 1.51. The company has a fifty day moving average of GBX 597.55 and a 200 day moving average of GBX 531.47. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Melrose Industries (LON:MRO) last posted 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%. Sell-side analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

Insiders Place Their Bets

In other Melrose Industries news, insider David Lis sold 7,950 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.32), for a total transaction of £44,997 ($58,158.20). Company 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.