Melrose Industries (OTCMKTS:MLSPF) Stock Price Up 0.6% – Here’s Why

Melrose Industries PLC (OTCMKTS:MLSPF)’s stock price rose 0.6% on Monday . The stock traded as high as $8.07 and last traded at $8.07. Approximately 6,994 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 13,880 shares. The stock had previously closed at $8.02.

Analyst Upgrades and Downgrades

Several research analysts have commented 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 reiterated a “hold” rating on shares of Melrose Industries in a research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Melrose Industries Stock Performance

The stock has a 50 day moving average price of $8.08 and a 200 day moving average price of $7.82.

Melrose Industries Company Profile

Melrose Industries plc is a London‐based industrial investment company specializing in the acquisition and performance improvement of manufacturing businesses. Since its founding in 2003 by Christopher Miller and David Roper, Melrose has focused on identifying underperforming assets in sectors such as aerospace, automotive and powder metallurgy, acquiring them with the aim of enhancing operational efficiency and driving long‐term value creation.

Melrose’s portfolio is anchored by three core divisions.