Melrose Industries PLC (LON:MRO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 514.66 ($6.80) and traded as high as GBX 531.60 ($7.02). Melrose Industries shares last traded at GBX 518.60 ($6.85), with a volume of 5,335,052 shares traded.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 600 ($7.93) price target on shares of Melrose Industries in a research note on Wednesday, July 2nd.
View Our Latest Stock Analysis on Melrose Industries
Melrose Industries Trading Up 6.9%
The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The stock's 50 day moving average is GBX 503.82 and its 200-day moving average is GBX 514.66. The company has a market cap of £7.07 billion, a PE ratio of -185.13, a P/E/G ratio of 0.48 and a beta of 1.51.
Insider Buying and Selling at Melrose Industries
In other Melrose Industries news, insider Alison Goligher purchased 20,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of GBX 462 ($6.10) per share, with a total value of £92,400 ($122,060.77). 1.00% of the stock is currently owned by company insiders.
About Melrose Industries
(
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.
Further Reading
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