Melrose Industries (LON:MRO) Shares Down 14.4% - Should You Sell?

Melrose Industries PLC (LON:MRO - Get Free Report)'s share price was down 14.4% during trading on Thursday . The stock traded as low as GBX 577.40 ($7.43) and last traded at GBX 582.17 ($7.50). Approximately 48,573,266 shares traded hands during mid-day trading, an increase of 380% from the average daily volume of 10,116,607 shares. The stock had previously closed at GBX 680 ($8.75).

Analysts Set New Price Targets

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

Melrose Industries Trading Down 0.3 %

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 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 company's 50 day simple moving average is GBX 595.37 and its two-hundred day simple moving average is GBX 531.53.

Melrose Industries (LON:MRO - Get Free Report) last announced 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 return on equity of 1.18% and a negative net margin of 1.13%. Research analysts expect that Melrose Industries PLC will post 33.9741641 EPS 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.