Melrose Industries (LON:MRO) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Melrose Industries PLC (LON:MRO - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 516.93 ($6.94) and traded as high as GBX 536.80 ($7.21). Melrose Industries shares last traded at GBX 530.20 ($7.12), with a volume of 1,487,524 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 600 ($8.06) price target on shares of Melrose Industries in a research note on Wednesday, July 2nd.

Melrose Industries Trading Up 0.7%

The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The company has a market capitalization of £6.97 billion, a P/E ratio of -182.55, a PEG ratio of 0.48 and a beta of 1.51. The business has a 50 day moving average price of GBX 492.92 and a 200 day moving average price of GBX 516.90.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Alison Goligher purchased 20,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of GBX 462 ($6.20) per share, with a total value of £92,400 ($124,076.81). 1.00% of the stock is owned by corporate insiders.

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.