Shares of Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) dropped 4.9% on Tuesday . The stock traded as low as $6.10 and last traded at $6.2950. 12,700 shares were traded during mid-day trading, a decline of 55% from the average session volume of 28,084 shares. The stock had previously closed at $6.6225.
Analyst Ratings Changes
Separately, BNP Paribas Exane lowered shares of Melrose Industries from a “neutral” rating to an “underperform” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Melrose Industries presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on MLSPF
Melrose Industries Stock Down 4.9%
About Melrose Industries
Melrose Industries plc is a London‐based industrial investment company specializing in the acquisition and performance improvement of manufacturing businesses. Since its founding in 2003 by Christopher Miller and David Roper, Melrose has focused on identifying underperforming assets in sectors such as aerospace, automotive and powder metallurgy, acquiring them with the aim of enhancing operational efficiency and driving long‐term value creation.
Melrose’s portfolio is anchored by three core divisions.
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