Melrose Industries (LON:MRO) Hits New 12-Month Low – Time to Sell?

Melrose Industries PLC (LON:MRO) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 444.30 and last traded at GBX 445.50, with a volume of 2859232 shares changing hands. The stock had previously closed at GBX 453.70.

Wall Street Analyst Weigh In

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

Melrose Industries Stock Down 1.5%

The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 67.32. The firm has a market cap of £5.57 billion, a P/E ratio of 15.42, a P/E/G ratio of 0.48 and a beta of 0.86. The business has a fifty day moving average of GBX 501.16 and a 200 day moving average of GBX 558.45.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory bought 46,702 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of GBX 502 per share, with a total value of £234,444.04. Also, insider Alison Goligher bought 20,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of GBX 476 per share, with a total value of £95,200. Over the last ninety days, insiders acquired 82,402 shares of company stock valued at $40,516,104. Company insiders own 2.58% 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. 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.