Melrose Industries PLC (LON:MRO - Get Free Report)'s share price was down 18.2% during mid-day trading on Thursday . The stock traded as low as GBX 556.40 ($7.19) and last traded at GBX 556.40 ($7.19). Approximately 16,050,553 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 9,409,593 shares. The stock had previously closed at GBX 680 ($8.79).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 850 ($10.99) target price on shares of Melrose Industries in a report on Thursday, January 23rd.
Check Out Our Latest Report on Melrose Industries
Melrose Industries Stock 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 stock has a fifty day simple moving average of GBX 596.44 and a two-hundred day simple moving average of GBX 531.51. The stock has a market cap of £6.33 billion, a PE ratio of -165.72, a PEG ratio of 0.48 and a beta of 1.51.
Melrose Industries (LON:MRO - Get Free Report) last announced its earnings results 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%. Equities analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal 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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