Melrose Industries (LON:MRO) Trading Down 11.3% - What's Next?

Melrose Industries PLC (LON:MRO - Get Free Report) fell 11.3% on Thursday . The company traded as low as GBX 556.40 ($7.19) and last traded at GBX 603 ($7.79). 16,228,400 shares were traded during trading, an increase of 72% from the average session volume of 9,413,459 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.

Melrose Industries Stock Performance

The company's fifty day simple moving average is GBX 596.44 and its two-hundred day simple moving average is GBX 531.51. The stock has a market capitalization of £6.33 billion, a P/E ratio of -165.72, a PEG ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

Melrose Industries (LON:MRO - Get Free Report) last announced 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 return on equity of 1.18% and a negative net margin of 1.13%. As a group, equities analysts forecast 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.