Melrose Industries (LON:MRO) Stock Price Down 11.7% – What’s Next?

Melrose Industries PLC (LON:MRO)’s stock price traded down 11.7% during mid-day trading on Friday . The company traded as low as GBX 488.80 ($6.32) and last traded at GBX 491.24 ($6.35). 18,429,754 shares were traded during mid-day 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. reiterated 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 Stock Performance

The stock has a market cap 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 stock’s 50-day simple moving average is GBX 596.44 and its two-hundred day simple moving average is GBX 531.51.

Melrose Industries (LON:MRO) last released its earnings results 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%. Analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider David Lis sold 7,950 shares of the company’s stock in a transaction dated 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). 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.