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Melrose Industries (LON:MRO) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Melrose Industries logo with Industrials background

Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 516.32 ($6.94) and traded as high as GBX 536.40 ($7.21). Melrose Industries shares last traded at GBX 530.70 ($7.13), with a volume of 2,184,430 shares traded.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on MRO

Melrose Industries Stock Up 0.4%

The company has a market cap of £6.66 billion, a price-to-earnings ratio of -174.48, a P/E/G ratio of 0.48 and a beta of 1.51. The firm has a 50-day moving average price of GBX 499.24 and a 200 day moving average price of GBX 515.30. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Insiders Place Their Bets

In other Melrose Industries news, insider Alison Goligher acquired 20,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of GBX 462 ($6.21) per share, for a total transaction of £92,400 ($124,160.17). 1.00% of the stock is owned by corporate insiders.

Melrose Industries Company Profile

(Get Free Report)

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.

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