Melrose Industries (LON:MRO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Melrose Industries PLC (LON:MRO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 516.13 ($6.28) and traded as high as GBX 570.60 ($6.94). Melrose Industries shares last traded at GBX 567.60 ($6.91), with a volume of 8,755,284 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.34) price objective on shares of Melrose Industries in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 640 ($7.79).

Melrose Industries Trading Up 1.7 %

The company has a market capitalization of £7.32 billion, a price-to-earnings ratio of -18,920.00, a P/E/G ratio of 0.48 and a beta of 1.51. 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 business’s 50 day moving average price is GBX 546.59 and its two-hundred day moving average price is GBX 516.13.

Insider Buying and Selling at Melrose Industries

In related news, insider Ian Barkshire bought 17,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were purchased at an average cost of GBX 442 ($5.38) per share, with a total value of £75,140 ($91,422.31). Also, insider David Lis sold 7,950 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.89), for a total value of £44,997 ($54,747.54). Corporate insiders own 1.00% 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.