Melrose Industries (LON:MRO) Trading Down 14.6% – Time to Sell?

Melrose Industries PLC (LON:MRO)’s stock price was down 14.6% during trading on Thursday . The company traded as low as GBX 577.40 ($7.44) and last traded at GBX 581 ($7.49). Approximately 49,456,539 shares were traded during mid-day trading, an increase of 388% from the average daily volume of 10,135,810 shares. The stock had previously closed at GBX 680 ($8.77).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 850 ($10.96) target price on shares of Melrose Industries in a report 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 640 ($8.25).

Melrose Industries Stock Performance

The stock has a market cap of £7.79 billion, a P/E ratio of -203.94, a PEG ratio of 0.48 and a beta of 1.51. The company has a fifty day moving average of GBX 593.91 and a 200 day moving average of GBX 529.46. 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 results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, equities analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.30), for a total value of £44,997 ($58,000.77). 1.00% of the stock is currently owned by corporate insiders.

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.