Matthew Gregory Acquires 9,740 Shares of Melrose Industries PLC (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory acquired 9,740 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of GBX 510 ($6.56) per share, with a total value of £49,674 ($63,897.61).

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 482.60 ($6.21) on Monday. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. The company has a market capitalization of £6.27 billion, a PE ratio of -30,060.00, a P/E/G ratio of 0.73 and a beta of 1.59. Melrose Industries PLC has a 12 month low of GBX 445.40 ($5.73) and a 12 month high of GBX 681.20 ($8.76). The stock has a 50-day moving average price of GBX 581.76 and a two-hundred day moving average price of GBX 607.34.

Melrose Industries Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 8th will be given a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.34%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Melrose Industries to an “outperform” rating and set a GBX 650 ($8.36) price objective for the company in a research report on Monday, July 8th.

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.