Melrose Industries PLC (LON:MRO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 517.34 ($6.98) and traded as high as GBX 532.60 ($7.18). Melrose Industries shares last traded at GBX 525.60 ($7.09), with a volume of 2,114,962 shares trading hands.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 600 ($8.09) price target on shares of Melrose Industries in a research note on Wednesday, July 2nd.
View Our Latest Analysis on Melrose Industries
Melrose Industries Trading Up 0.1%
The company has a 50 day simple moving average of GBX 487 and a 200 day simple moving average of GBX 517.35. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market capitalization of £6.90 billion, a PE ratio of -180.60, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.
Insider Buying and Selling at Melrose Industries
In related news, insider Alison Goligher bought 20,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of GBX 462 ($6.23) per share, for a total transaction of £92,400 ($124,645.89). 1.00% of the stock is currently owned by corporate insiders.
About Melrose Industries
(
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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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