Melrose Industries (LON:MRO) Stock Price Down 11.8% - Time to Sell?

Melrose Industries PLC (LON:MRO - Get Free Report) shares were down 11.8% during trading on Thursday . The stock traded as low as GBX 596 ($7.67) and last traded at GBX 600 ($7.72). Approximately 46,900,254 shares changed hands during trading, an increase of 365% from the average daily volume of 10,080,238 shares. The stock had previously closed at GBX 680 ($8.75).

Wall Street Analyst Weigh In

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

Melrose Industries Price Performance

The firm has a market cap of £6.33 billion, a P/E ratio of -165.72, a PEG ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The company's 50-day moving average is GBX 595.37 and its two-hundred day moving average is GBX 531.53.

Melrose Industries (LON:MRO - Get Free Report) last posted its quarterly earnings results 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%. Sell-side 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.