Melrose Industries (LON:MRO) Stock Price Down 11.7% – Time to Sell?

Melrose Industries PLC (LON:MRO)’s share price was down 11.7% during mid-day trading on Friday . The company traded as low as GBX 488.80 ($6.30) and last traded at GBX 491.24 ($6.33). Approximately 18,429,754 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.17).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 850 ($10.95) 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 given a buy rating to the stock. According to MarketBeat.com, Melrose Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 640 ($8.25).

Melrose Industries Price Performance

The business has a 50-day moving average of GBX 597.55 and a two-hundred day moving average of GBX 531.47. 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 firm has a market cap of £6.35 billion, a P/E ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last released its quarterly 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 return on equity of 1.18% and a negative net margin of 1.13%. On average, sell-side analysts anticipate that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Melrose Industries news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.29), for a total transaction of £44,997 ($57,985.82). Insiders own 1.00% of the company’s stock.

About Melrose Industries

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.