Melrose Industries (LON:MRO) Share Price Passes Above 200 Day Moving Average of $573.28

Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 573.28 ($7.08) and traded as high as GBX 635.80 ($7.85). Melrose Industries shares last traded at GBX 635.80 ($7.85), with a volume of 3,458,251 shares traded.

Wall Street Analyst Weigh In

Separately, Numis Securities reiterated an "add" rating and issued a GBX 640 ($7.91) price objective on shares of Melrose Industries in a report on Friday, March 8th.

Melrose Industries Stock Performance

The company has a debt-to-equity ratio of 23.05, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market capitalization of £8.41 billion, a price-to-earnings ratio of -31,790.00, a P/E/G ratio of 0.49 and a beta of 1.59. The firm's 50 day simple moving average is GBX 636.77 and its 200-day simple moving average is GBX 573.28.

Melrose Industries Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 8th. Investors of record on Thursday, March 28th will be issued a GBX 3.50 ($0.04) dividend. The ex-dividend date is Thursday, March 28th. This is a boost from Melrose Industries's previous dividend of $1.50. This represents a yield of 0.55%. Melrose Industries's dividend payout ratio is currently -25,000.00%.

Insider Buying and Selling

In other Melrose Industries news, insider Matthew Gregory acquired 16,670 shares of the company's stock in a transaction dated Monday, March 11th. The stock was bought at an average price of GBX 596 ($7.36) per share, for a total transaction of £99,353.20 ($122,718.87). 2.96% of the stock is currently owned by insiders.

Melrose Industries Company Profile

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.