Melrose Industries (LON:MRO) Stock Price Crosses Above 200-Day Moving Average of $554.43

Shares of Melrose Industries PLC (LON:MROGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 554.43 ($6.96) and traded as high as GBX 677.59 ($8.51). Melrose Industries shares last traded at GBX 670.40 ($8.42), with a volume of 6,699,509 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities reissued an “add” rating and set a GBX 640 ($8.03) price target on shares of Melrose Industries in a research report on Friday, March 8th.

Read Our Latest Report on Melrose Industries

Melrose Industries Stock Performance

The stock has a market capitalization of £8.82 billion, a PE ratio of -33,520.00, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The firm’s fifty day moving average is GBX 619.05 and its 200-day moving average is GBX 554.43. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05.

Melrose Industries Increases Dividend

The business also recently disclosed 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 is a positive change from Melrose Industries’s previous dividend of $1.50. This represents a yield of 0.55%. The ex-dividend date is Thursday, March 28th. Melrose Industries’s payout ratio is -25,000.00%.

Insiders Place Their Bets

In other Melrose Industries news, insider Matthew Gregory purchased 16,670 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of GBX 596 ($7.48) per share, for a total transaction of £99,353.20 ($124,721.57). Insiders own 2.96% of the company’s stock.

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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