Melrose Industries PLC (LON:MRO - Get Free Report) shares traded down 11.7% on Saturday . The company 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 mid-day 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).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 850 ($11.02) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.
View Our Latest Stock Analysis on MRO
Melrose Industries Trading Up 6.5 %
The firm has a 50 day moving average of GBX 593.52 and a 200 day moving average of GBX 531.78. The firm has a market cap of £6.69 billion, a PE ratio of -175.19, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.
Melrose Industries (LON:MRO - Get Free Report) last issued 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 return on equity of 1.18% and a negative net margin of 1.13%. Equities analysts anticipate that Melrose Industries PLC will post 33.9741641 earnings per share for the current 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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