Melrose Industries (LON:MRO) Stock Price Down 11.7% - Here's Why

Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price dropped 11.7% on Saturday . The company traded as low as GBX 488.80 ($6.33) and last traded at GBX 491.24 ($6.36). Approximately 18,429,754 shares changed hands during trading, an increase of 92% from the average daily volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.20).

Wall Street Analyst Weigh In

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

Melrose Industries Stock Performance

The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The company has a 50 day simple moving average of GBX 594.23 and a 200-day simple moving average of GBX 531.57. The firm has a market cap of £6.69 billion, a PE 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 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 research analysts anticipate 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.