Melrose Industries (LON:MRO) Shares Down 11.3% - Here's Why

Melrose Industries PLC (LON:MRO - Get Free Report)'s share price traded down 11.3% during mid-day trading on Friday . The stock traded as low as GBX 556.40 ($7.19) and last traded at GBX 603 ($7.79). 16,228,400 shares changed hands during trading, an increase of 72% from the average session 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. reaffirmed an "overweight" rating and issued a GBX 850 ($10.99) target price on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Stock Performance

The company has a market capitalization of £6.33 billion, a PE ratio of -165.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The stock's fifty day simple moving average is GBX 596.44 and its 200-day simple moving average is GBX 531.51. 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 (LON:MRO - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. As a group, equities analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

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.