Melrose Industries PLC (LON:MRO - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 681.20 ($8.62) and last traded at GBX 676.32 ($8.56), with a volume of 5195056 shares changing hands. The stock had previously closed at GBX 673.80 ($8.53).
Wall Street Analyst Weigh In
Separately, Numis Securities reissued an "add" rating and issued a GBX 640 ($8.10) price objective on shares of Melrose Industries in a research report on Friday, March 8th.
Read Our Latest Research Report on Melrose Industries
Melrose Industries Price Performance
The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. The company has a market capitalization of £8.85 billion, a PE ratio of -33,540.00, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The stock's 50-day moving average is GBX 626.12 and its two-hundred day moving average is GBX 559.67.
Melrose Industries Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Thursday, March 28th will be paid a GBX 3.50 ($0.04) dividend. This is an increase from Melrose Industries's previous dividend of $1.50. This represents a yield of 0.55%. The ex-dividend date is Thursday, March 28th. Melrose Industries's dividend payout ratio is currently -25,000.00%.
Insiders Place Their Bets
In related news, insider Matthew Gregory bought 16,670 shares of the company's stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 596 ($7.54) per share, for a total transaction of £99,353.20 ($125,747.63). Insiders own 2.96% of the company's stock.
About Melrose Industries
(
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Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.
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