Melrose Industries (LON:MRO) Reaches New 52-Week High at $672.20

Melrose Industries PLC (LON:MROGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 672.20 ($8.49) and last traded at GBX 667.60 ($8.44), with a volume of 2794728 shares traded. The stock had previously closed at GBX 668.56 ($8.45).

Wall Street Analyst Weigh In

Separately, Numis Securities restated an “add” rating and set a GBX 640 ($8.09) price target on shares of Melrose Industries in a research note on Friday, March 8th.

Check Out Our Latest Analysis on Melrose Industries

Melrose Industries Stock Up 0.1 %

The stock has a market cap of £8.82 billion, a PE ratio of -33,380.00, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The firm has a fifty day moving average of GBX 608.17 and a 200 day moving average of GBX 547.11. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 23.05.

Melrose Industries Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 8th. Investors of record on Thursday, March 28th will be issued a GBX 3.50 ($0.04) dividend. This represents a yield of 0.55%. The ex-dividend date is Thursday, March 28th. This is a positive change from Melrose Industries’s previous dividend of $1.50. Melrose Industries’s dividend payout ratio is -25,000.00%.

Insider Activity at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory bought 16,670 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of GBX 596 ($7.53) per share, with a total value of £99,353.20 ($125,556.93). 2.96% of the stock is currently owned by corporate insiders.

About Melrose Industries

(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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