Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price dropped 11.3% during trading on Thursday . The stock traded as low as GBX 556.40 ($7.19) and last traded at GBX 603 ($7.79). Approximately 16,228,400 shares traded hands during mid-day trading, an increase of 72% from the average daily volume of 9,413,459 shares. The stock had previously closed at GBX 680 ($8.79).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 850 ($10.99) target price on shares of Melrose Industries in a research note on Thursday, January 23rd.
Get Our Latest Analysis on Melrose Industries
Melrose Industries Stock Down 0.3 %
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 stock has a market cap of £6.33 billion, a P/E ratio of -165.72, a PEG ratio of 0.48 and a beta of 1.51. The firm has a 50-day simple moving average of GBX 596.44 and a two-hundred day simple moving average of GBX 531.51.
Melrose Industries (LON:MRO - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. Equities research analysts expect that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.
About Melrose Industries
(
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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.
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