Melrose Industries (LON:MRO) Stock Price Down 11.7% - Here's Why

Shares of Melrose Industries PLC (LON:MRO - Get Free Report) fell 11.7% during trading on Saturday . The company traded as low as GBX 488.80 ($6.33) and last traded at GBX 491.24 ($6.36). 18,429,754 shares traded hands during trading, an increase of 92% from the average session volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.20).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 850 ($11.00) price objective on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Stock Performance

The business's fifty day moving average price is GBX 594.23 and its 200-day moving average price is GBX 531.57. 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 has a market capitalization of £6.69 billion, a PE ratio of -175.19, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) 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 research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current 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.