Melrose Industries (LON:MRO) Stock Price Down 11.7% - What's Next?

Shares of Melrose Industries PLC (LON:MRO - Get Free Report) fell 11.7% during trading 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).

Analyst Ratings Changes

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.

Melrose Industries Price Performance

The stock has a market cap of £6.69 billion, a P/E ratio of -175.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. 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 firm has a 50-day moving average price of GBX 593.52 and a 200-day moving average price of GBX 531.78.

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%. On average, analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal 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.