Melrose Industries (LON:MRO) Stock Price Passes Above 200 Day Moving Average of $522.72

Melrose Industries PLC (LON:MROGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 522.72 ($6.55) and traded as high as GBX 594 ($7.45). Melrose Industries shares last traded at GBX 591.40 ($7.41), with a volume of 1,981,188 shares.

Melrose Industries Price Performance

The company has a debt-to-equity ratio of 23.35, a current ratio of 0.89 and a quick ratio of 0.45. The company has a market capitalization of £7.84 billion, a PE ratio of -29,570.00, a price-to-earnings-growth ratio of 0.49 and a beta of 1.56. The stock’s 50 day simple moving average is GBX 567.36 and its 200-day simple moving average is GBX 522.72.

Insiders Place Their Bets

In related news, insider David Lis sold 21,400 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of GBX 542 ($6.79), for a total transaction of £115,988 ($145,403.03). In other news, insider Heather Lawrence bought 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The shares were purchased at an average cost of GBX 517 ($6.48) per share, for a total transaction of £38,775 ($48,608.50). Also, insider David Lis sold 21,400 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of GBX 542 ($6.79), for a total transaction of £115,988 ($145,403.03). Insiders own 2.39% of the company’s stock.

Melrose Industries Company Profile

(Get Free Report)

Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.

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