Melrose Industries (LON:MRO) Trading Down 11.3% - Time to Sell?

Melrose Industries PLC (LON:MRO - Get Free Report)'s share price fell 11.3% on Thursday . The company traded as low as GBX 556.40 ($7.20) and last traded at GBX 603 ($7.81). 16,228,400 shares were traded during mid-day trading, an increase of 72% from the average session volume of 9,413,459 shares. The stock had previously closed at GBX 680 ($8.80).

Wall Street Analyst Weigh In

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

Melrose Industries Stock Up 6.5 %

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's fifty day simple moving average is GBX 594.23 and its two-hundred day simple moving average is GBX 531.57. The stock has a market capitalization of £6.69 billion, a P/E ratio of -175.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

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 net margin of 1.13% and a negative return on equity of 1.18%. As a group, research 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.