Melrose Industries (LON:MRO) Reaches New 1-Year Low – Should You Sell?

Melrose Industries PLC (LON:MRO)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 445.30 and last traded at GBX 452.94, with a volume of 3156688 shares changing hands. The stock had previously closed at GBX 460.

Analyst Upgrades and Downgrades

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

Melrose Industries Price Performance

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 £5.65 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.48 and a beta of 0.87. The firm has a 50-day moving average price of GBX 505.29 and a 200 day moving average price of GBX 565.27.

Insider Activity

In other news, insider Ian Barkshire acquired 15,700 shares of Melrose Industries stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of GBX 481 per share, for a total transaction of £75,517. Also, insider Alison Goligher acquired 20,000 shares of Melrose Industries stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 476 per share, for a total transaction of £95,200. In the last three months, insiders have bought 82,402 shares of company stock worth $40,516,104. 2.56% of the stock is currently owned by 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.