Melrose Industries (LON:MRO) Shares Down 11.7% - Here's What Happened

Melrose Industries PLC (LON:MRO - Get Free Report) shares traded down 11.7% on Saturday . The stock traded as low as GBX 488.80 ($6.34) and last traded at GBX 491.24 ($6.37). 18,429,754 shares changed 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 ($7.22).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 850 ($11.02) target price on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Trading Up 6.5 %

The firm's fifty day moving average price is GBX 593.52 and its 200-day moving average price is GBX 531.78. The company has a market cap of £6.69 billion, a price-to-earnings ratio of -175.19, 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.

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%. On average, equities analysts expect that Melrose Industries PLC will post 33.9741641 EPS 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.