Melrose Industries (LON:MRO) Shares Down 11.3% - Time to Sell?

Melrose Industries PLC (LON:MRO - Get Free Report) shares were down 11.3% on Thursday . The company 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).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 850 ($10.99) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Price Performance

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 company has a 50-day moving average of GBX 596.44 and a 200-day moving average of GBX 531.51. The stock has a market capitalization of £6.33 billion, a price-to-earnings ratio of -165.72, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO - Get Free Report) last posted 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%. As a group, equities research analysts expect that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

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.