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

Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price 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 Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 850 ($11.02) price target on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Trading Up 6.5 %

The company has a market cap of £6.69 billion, a price-to-earnings ratio of -175.19, a P/E/G ratio of 0.48 and a beta of 1.51. The business has a fifty day simple moving average of GBX 593.52 and a 200 day simple moving average of GBX 531.78. 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 released its quarterly earnings data 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%. On average, equities analysts anticipate 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.