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

Posted by Defense World Staff on Jan 12th, 2025

Shares of Melrose Industries PLC (LON:MRO – Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 369.40 ($4.51) and last traded at GBX 569.40 ($6.95), with a volume of 2739606 shares. The stock had previously closed at GBX 562.20 ($6.86).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.38) target price on shares of Melrose Industries in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Melrose Industries presently has an average rating of “Moderate Buy” and an average price target of GBX 640 ($7.81).

Read Our Latest Analysis on MRO

Melrose Industries Stock Up 0.7 %

The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The company has a market cap of £7.30 billion, a P/E ratio of -18,868.23, a PEG ratio of 0.48 and a beta of 1.51. The firm has a fifty day moving average price of GBX 538.70 and a 200 day moving average price of GBX 516.72.

Insider Activity

In other news, insider Ian Barkshire purchased 17,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were acquired at an average price of GBX 442 ($5.40) per share, with a total value of £75,140 ($91,746.03). Also, 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 ($6.91), for a total value of £44,997 ($54,941.39). 1.00% of the stock is currently owned by insiders.

About Melrose Industries

(Get Free Report)

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.