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

Melrose Industries PLC (LON:MRO - Get Free Report) traded down 11.7% during mid-day trading on Saturday . The stock 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 Analyst Weigh In

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

Melrose Industries Stock Up 6.5 %

The firm has a 50-day moving average of GBX 593.52 and a two-hundred day moving average of GBX 531.78. The stock has a market capitalization of £6.69 billion, a price-to-earnings ratio of -175.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. 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 issued 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 return on equity of 1.18% and a negative net margin of 1.13%. As a group, sell-side analysts anticipate that Melrose Industries PLC will post 33.9741641 earnings per share 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.