Melrose Industries (LON:MRO) Trading Down 11.7% – Should You Sell?

Melrose Industries PLC (LON:MRO)’s share price traded down 11.7% during trading on Saturday . The stock 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 850 ($10.99) price objective on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Stock Down 11.7 %

The stock has a market cap of £6.35 billion, a PE ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The business has a 50-day moving average price of GBX 596.44 and a 200-day moving average price of GBX 531.51.

Melrose Industries (LON:MRO) last posted its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) EPS for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. As a group, analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

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.