MEGGITT PLC/ADR (OTCMKTS:MEGGY) Sets New 52-Week High at $16.75

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MEGGITT PLC/ADR (OTCMKTS:MEGGY) reached a new 52-week high on Wednesday . The stock traded as high as $16.75 and last traded at $16.75, with a volume of 4403 shares. The stock had previously closed at $16.14.

Several brokerages have issued reports on MEGGY. ValuEngine downgraded shares of MEGGITT PLC/ADR from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Societe Generale lowered MEGGITT PLC/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. MEGGITT PLC/ADR has a consensus rating of “Hold”.

The firm has a 50 day moving average of $15.54 and a 200-day moving average of $14.42.

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, May 18th. Investors of record on Friday, March 20th will be issued a dividend of $0.114 per share. The ex-dividend date is Thursday, March 19th.

About MEGGITT PLC/ADR (OTCMKTS:MEGGY)

Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.

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