Melrose Industries (LON:MRO) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Melrose Industries PLC (LON:MRO - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 518.91 ($6.45) and traded as high as GBX 555 ($6.89). Melrose Industries shares last traded at GBX 544.68 ($6.77), with a volume of 1,406,009 shares changing hands.

Wall Street Analyst Weigh In

MRO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Melrose Industries from GBX 675 ($8.39) to GBX 560 ($6.96) and set a "hold" rating on the stock in a research report on Friday, September 13th. Morgan Stanley initiated coverage on shares of Melrose Industries in a report on Friday, September 6th. They set an "equal weight" rating and a GBX 500 ($6.21) price objective on the stock. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 850 ($10.56) price objective on shares of Melrose Industries in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Melrose Industries presently has a consensus rating of "Moderate Buy" and an average target price of GBX 640 ($7.95).

Melrose Industries Trading Down 1.9 %

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 firm has a market capitalization of £7.03 billion, a P/E ratio of -18,156.10, a PEG ratio of 0.48 and a beta of 1.51. The firm has a 50 day simple moving average of GBX 528.85 and a two-hundred day simple moving average of GBX 518.91.

Insider Buying and Selling

In related news, insider Ian Barkshire purchased 17,000 shares of Melrose Industries stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average price of GBX 442 ($5.49) per share, for a total transaction of £75,140 ($93,341.61). Also, 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 ($7.03), for a total transaction of £44,997 ($55,896.89). 1.00% of the stock is owned by corporate insiders.

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.