Melrose Industries PLC (LON:MRO - Get Free Report) 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 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. reissued an "overweight" rating and set a GBX 850 ($11.02) price objective on shares of Melrose Industries in a research report on Thursday, January 23rd.
Check Out Our Latest Stock Analysis on MRO
Melrose Industries Price Performance
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 50-day moving average is GBX 593.52 and its two-hundred day moving average is GBX 531.78. The stock has a market cap of £6.69 billion, a PE ratio of -175.19, a PEG ratio of 0.48 and a beta of 1.51.
Melrose Industries (LON:MRO - Get Free Report) last released 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 return on equity of 1.18% and a negative net margin of 1.13%. On average, equities analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.
About Melrose Industries
(
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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.
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