Melrose Industries (LON:MRO) Trading Down 11.7% - Here's What Happened

Melrose Industries PLC (LON:MRO - Get Free Report) was down 11.7% during mid-day trading on Saturday . The company traded as low as GBX 488.80 ($6.34) and last traded at GBX 491.24 ($6.37). Approximately 18,429,754 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.22).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated 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 Stock Up 6.5 %

The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The business has a 50-day simple moving average of GBX 593.52 and a 200-day simple moving average of GBX 531.78. The stock has a market cap of £6.69 billion, a P/E ratio of -175.19, a PEG ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO - Get Free Report) last announced its earnings results 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%. Analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Melrose Industries Company Profile

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.