Melrose Industries (LON:MRO) Hits New 1-Year Low – Should You Sell?

Shares of Melrose Industries PLC (LON:MRO) hit a new 52-week low on Friday . The company traded as low as GBX 369.40 ($4.55) and last traded at GBX 569.40 ($7.01), with a volume of 2739606 shares. The stock had previously closed at GBX 562.20 ($6.92).

Analyst Upgrades and Downgrades

Several brokerages recently commented on MRO. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Melrose Industries from GBX 675 ($8.31) to GBX 560 ($6.89) and set a “hold” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 850 ($10.46) price objective on shares of Melrose Industries in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Melrose Industries presently has a consensus rating of “Moderate Buy” and an average price target of GBX 640 ($7.87).

Melrose Industries Trading Up 1.2 %

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 company has a market cap of £7.34 billion, a price-to-earnings ratio of -18,956.63, a P/E/G ratio of 0.48 and a beta of 1.51. The company’s fifty day moving average is GBX 536.83 and its two-hundred day moving average is GBX 516.96.

Insider Transactions at Melrose Industries

In related news, insider David Lis sold 7,950 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.96), for a total value of £44,997 ($55,367.29). Also, insider Ian Barkshire purchased 17,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average price of GBX 442 ($5.44) per share, for a total transaction of £75,140 ($92,457.24). Company 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.