Melrose Industries (LON:MRO) Trading Down 5.4% – Time to Sell?

Melrose Industries PLC (LON:MRO)’s share price dropped 5.4% during trading on Tuesday . The stock traded as low as GBX 472.20 and last traded at GBX 482.20. Approximately 13,264,478 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 35,209,164 shares. The stock had previously closed at GBX 509.60.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 680.

Melrose Industries Trading Down 5.4%

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 company’s fifty day moving average is GBX 508.11 and its two-hundred day moving average is GBX 569.31. The company has a market cap of £6.02 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.48 and a beta of 0.87.

Melrose Industries (LON:MRO) last posted its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 EPS for the quarter. Melrose Industries had a net margin of 10.31% and a return on equity of 13.03%. On average, research analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Insider Activity

In other news, insider Matthew Gregory purchased 46,702 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of GBX 502 per share, with a total value of £234,444.04. Also, insider Chris Grigg bought 17,901 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of GBX 540 per share, for a total transaction of £96,665.40. Over the last three months, insiders bought 100,303 shares of company stock valued at $50,182,644. 2.56% of the stock is currently owned by corporate insiders.

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.