Melrose Industries (LON:MRO) Hits New 52-Week Low – Time to Sell?

Shares of Melrose Industries PLC (LON:MRO) hit a new 52-week low during trading on Friday . The company traded as low as GBX 406.70 ($5.24) and last traded at GBX 410.60 ($5.29), with a volume of 8181315 shares. The stock had previously closed at GBX 451.10 ($5.82).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.96) price objective on shares of Melrose Industries in a report on Thursday, January 23rd.

Melrose Industries Trading Down 7.9 %

The firm has a market cap of £5.37 billion, a P/E ratio of -140.58, 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 is GBX 572.19 and its two-hundred day moving average is GBX 533.62.

Melrose Industries (LON:MRO) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. As a group, analysts expect that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Melrose Industries Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be paid a GBX 4 ($0.05) dividend. This represents a dividend yield of 0.75%. The ex-dividend date is Thursday, March 27th. This is an increase from Melrose Industries’s previous dividend of $2.00. Melrose Industries’s payout ratio is currently -202.92%.

Insider Transactions at Melrose Industries

In other news, insider Matthew Gregory acquired 36,869 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of GBX 528 ($6.81) per share, with a total value of £194,668.32 ($251,022.98). 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.