Melrose Industries (OTCMKTS:MLSPF – Get Free Report) is expected to be releasing its resultson Friday, July 31st. Analysts expect Melrose Industries to post earnings of $0.2278 per share and revenue of $2.4382 billion for the quarter.
Melrose Industries Stock Performance
Shares of Melrose Industries stock opened at $6.27 on Friday. Melrose Industries has a 52-week low of $5.79 and a 52-week high of $9.60. The company’s 50 day moving average price is $6.42 and its 200-day moving average price is $7.30.
Analysts Set New Price Targets
Separately, BNP Paribas Exane cut shares of Melrose Industries from a “neutral” rating to an “underperform” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Melrose Industries has a consensus rating of “Hold”.
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.
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