Melrose Industries (LON:MRO) Reaches New 12-Month Low – Here’s What Happened

Melrose Industries PLC (LON:MRO)’s share price reached a new 52-week low on Friday . The company traded as low as GBX 409.90 and last traded at GBX 440.30, with a volume of 13458714 shares traded. The stock had previously closed at GBX 475.20.

Melrose Industries Trading Down 3.2%

The company has a 50 day moving average of GBX 472.57 and a two-hundred day moving average of GBX 529.33. The company has a debt-to-equity ratio of 67.32, a quick ratio of 0.45 and a current ratio of 0.98. The stock has a market capitalization of £5.74 billion, a PE ratio of 15.87, a P/E/G ratio of 0.48 and a beta of 0.84.

Melrose Industries (LON:MRO) last announced its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share (EPS) for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. Sell-side analysts predict that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Insider Transactions at Melrose Industries

In related news, insider Chris Grigg acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of GBX 472 per share, with a total value of £94,400. Also, insider Ross McCluskey bought 3,667 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of GBX 475 per share, with a total value of £17,418.25. Over the last 90 days, insiders have acquired 63,101 shares of company stock worth $29,444,975. Insiders own 2.59% of the company’s stock.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.