Melrose Industries (LON:MRO) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 544.28 and traded as low as GBX 487.40. Melrose Industries shares last traded at GBX 490.40, with a volume of 330,452,281 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating for the company in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 680.

Melrose Industries Trading Down 3.4%

The business has a 50 day simple moving average of GBX 479.78 and a 200 day simple moving average of GBX 544.28. The company has a debt-to-equity ratio of 67.32, a current ratio of 0.98 and a quick ratio of 0.45. The company has a market cap of £5.88 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.48 and a beta of 0.84.

Insiders Place Their Bets

In related news, insider Chris Grigg acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of GBX 472 per share, with a total value of £94,400. Also, insider Ian Barkshire acquired 15,700 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average price of GBX 481 per share, with a total value of £75,517. Insiders purchased a total of 98,801 shares of company stock valued at $46,516,675 over the last three months. Company insiders own 2.59% of the company’s stock.

Melrose Industries Company Profile

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.