Melrose Industries (LON:MRO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 516.13 ($6.28) and traded as high as GBX 570.60 ($6.94). Melrose Industries shares last traded at GBX 567.60 ($6.91), with a volume of 8,755,284 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.34) target price on shares of Melrose Industries in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 640 ($7.79).

Melrose Industries Trading Up 1.7 %

The company has a 50 day moving average of GBX 546.59 and a two-hundred day moving average of GBX 516.13. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The stock has a market capitalization of £7.32 billion, a PE ratio of -18,920.00, a P/E/G ratio of 0.48 and a beta of 1.51.

Insider Activity

In related news, insider David Lis sold 7,950 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($6.89), for a total value of £44,997 ($54,747.54). Also, insider Ian Barkshire purchased 17,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were purchased at an average price of GBX 442 ($5.38) per share, for a total transaction of £75,140 ($91,422.31). Corporate insiders own 1.00% of the company’s stock.

Melrose Industries Company Profile

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.