Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report)’s share price dropped 1.6% on Wednesday. The stock traded as low as $6.10 and last traded at $6.34. 9,147 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 29,927 shares. The stock had previously closed at $6.4425.
Wall Street Analysts Forecast Growth
Separately, BNP Paribas Exane upgraded Melrose Industries from an “underperform” rating to a “neutral” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on MLSPF
Melrose Industries Stock Down 1.2%
Melrose Industries Company Profile
Melrose Industries plc is a United Kingdom-based aerospace company focused on the design, manufacture and servicing of components and systems for aircraft and aerospace engines. Through its GKN Aerospace operations, the company supplies aerostructures, engine structures and components, electrical wiring systems, transparencies, and advanced manufacturing solutions, including additive-manufacturing capabilities.
Melrose serves major aerospace manufacturers and engine producers across the commercial aviation, business aviation, defense and space markets.
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