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

Melrose Industries PLC (LON:MRO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 525.18 ($6.56) and traded as high as GBX 553.60 ($6.92). Melrose Industries shares last traded at GBX 551.69 ($6.90), with a volume of 3,459,579 shares traded.

Wall Street Analyst Weigh In

MRO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Melrose Industries from GBX 675 ($8.44) to GBX 560 ($7.00) and set a "hold" rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 850 ($10.62) price target on shares of Melrose Industries in a report on Thursday, December 5th. Finally, Morgan Stanley began coverage on shares of Melrose Industries in a report on Friday, September 6th. They set an "equal weight" rating and a GBX 500 ($6.25) price objective on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Melrose Industries has an average rating of "Moderate Buy" and an average price target of GBX 640 ($8.00).

Melrose Industries Price Performance

The stock has a market cap of £7.07 billion, a price-to-earnings ratio of -18,280.00, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The stock's 50 day simple moving average is GBX 504.55 and its two-hundred day simple moving average is GBX 524.67.

Insider Transactions at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.07), for a total value of £44,997 ($56,239.22). Also, insider Ian Barkshire purchased 17,000 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average cost of GBX 442 ($5.52) per share, for a total transaction of £75,140 ($93,913.26). 1.00% of the stock is owned by 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.