Melrose Industries (LON:MRO) Shares Down 16.5% - Here's Why

Shares of Melrose Industries PLC (LON:MRO - Get Free Report) traded down 16.5% during trading on Thursday . The stock traded as low as GBX 563 ($7.25) and last traded at GBX 567.80 ($7.31). 50,016,828 shares were traded during trading, an increase of 393% from the average session volume of 10,147,989 shares. The stock had previously closed at GBX 680 ($8.75).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 850 ($10.94) price target on shares of Melrose Industries in a report on Thursday, January 23rd.

Melrose Industries Stock Performance

The firm has a market cap of £6.33 billion, a price-to-earnings ratio of -165.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The stock has a 50-day moving average of GBX 595.37 and a 200-day moving average of GBX 531.53. 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 posted its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (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, 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.