Melrose Industries (LON:MRO) Reaches New 12-Month Low – Here’s What Happened

Melrose Industries PLC (LON:MRO) hit a new 52-week low on Friday . The company traded as low as GBX 409.90 and last traded at GBX 440.30, with a volume of 13458714 shares traded. The stock had previously closed at GBX 475.20.

Melrose Industries Stock Performance

The business has a 50-day moving average of GBX 472.57 and a two-hundred day moving average of GBX 529.33. The company has a market cap of £5.74 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.48 and a beta of 0.84. The company has a debt-to-equity ratio of 67.32, a current ratio of 0.98 and a quick ratio of 0.45.

Melrose Industries (LON:MRO) last posted its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share (EPS) for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. On average, sell-side analysts predict that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Insider Activity

In other news, insider Ross McCluskey acquired 3,667 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of GBX 475 per share, with a total value of £17,418.25. Also, insider Chris Grigg acquired 20,000 shares of Melrose Industries stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of GBX 472 per share, with a total value of £94,400. In the last ninety days, insiders have bought 63,101 shares of company stock worth $29,444,975. Corporate insiders own 2.59% 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.