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

Melrose Industries PLC (LON:MRO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 519.49 ($6.44) and traded as high as GBX 623.80 ($7.74). Melrose Industries shares last traded at GBX 619.58 ($7.69), with a volume of 3,850,484 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 850 ($10.54) price target on shares of Melrose Industries in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Melrose Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 640 ($7.94).

Melrose Industries Price Performance

The company has a 50-day moving average of GBX 571.03 and a 200 day moving average of GBX 519.49. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The stock has a market capitalization of £7.99 billion, a PE ratio of -20,652.60, a PEG ratio of 0.48 and a beta of 1.51.

Insider Transactions at Melrose Industries

In related news, insider David Lis sold 7,950 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.02), for a total value of £44,997 ($55,820.62). Insiders own 1.00% of the company’s stock.

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.