Melrose Industries (LON:MRO) Stock Price Down 11.7% – Should You Sell?

Melrose Industries PLC (LON:MRO) traded down 11.7% on Friday . The stock traded as low as GBX 488.80 ($6.30) and last traded at GBX 491.24 ($6.33). 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 ($7.17).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($10.95) target price on shares of Melrose Industries in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 640 ($8.25).

Melrose Industries Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The firm has a market capitalization of £6.35 billion, a PE ratio of -166.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The business’s 50 day simple moving average is GBX 596.37 and its two-hundred day simple moving average is GBX 530.69.

Melrose Industries (LON:MRO) last issued its 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 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 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David Lis sold 7,950 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.29), for a total transaction of £44,997 ($57,985.82). Insiders own 1.00% of the company’s stock.

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.