Melrose Industries (OTCMKTS:MLSPF) Shares Up 4.3% – Here’s What Happened

Melrose Industries PLC (OTCMKTS:MLSPF)’s stock price was up 4.3% during mid-day trading on Friday . The stock traded as high as $8.2150 and last traded at $8.2150. 3,468 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 14,361 shares. The stock had previously closed at $7.8750.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MLSPF shares. The Goldman Sachs Group started coverage on Melrose Industries in a research note on Friday, September 19th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Melrose Industries in a report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Melrose Industries has an average rating of “Moderate Buy”.

Melrose Industries Stock Performance

The stock has a 50 day moving average price of $8.31 and a 200-day moving average price of $7.66.

About Melrose Industries

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.