Melrose Industries (LON:MRO) Sets New 1-Year Low - What's Next?

Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 424.60 ($5.54) and last traded at GBX 427.30 ($5.58), with a volume of 3646584 shares changing hands. The stock had previously closed at GBX 425.80 ($5.56).

Analyst Upgrades and Downgrades

MRO has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Melrose Industries to an "outperform" rating and set a GBX 650 ($8.49) price target on the stock in a research report on Monday, July 8th. Morgan Stanley began coverage on Melrose Industries in a research report on Friday, September 6th. They set an "equal weight" rating and a GBX 500 ($6.53) target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Melrose Industries from GBX 675 ($8.81) to GBX 560 ($7.31) and set a "hold" rating on the stock in a research note on Friday, September 13th.

Melrose Industries Trading Down 1.9 %

The business's 50 day moving average price is GBX 478.03 and its 200-day moving average price is GBX 563.81. The company has a market cap of £5.39 billion, a price-to-earnings ratio of -14,110.00, a PEG 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.

Melrose Industries Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 8th were paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 8th. Melrose Industries's dividend payout ratio is -20,000.00%.

Insider Activity

In related news, insider Matthew Gregory purchased 9,740 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of GBX 510 ($6.66) per share, with a total value of £49,674 ($64,865.50). In other news, insider Matthew Gregory bought 9,740 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of GBX 510 ($6.66) per share, for a total transaction of £49,674 ($64,865.50). Also, insider Gillian Elcock purchased 3,680 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of GBX 453 ($5.92) per share, with a total value of £16,670.40 ($21,768.61). Corporate 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.