Melrose Industries (LON:MRO) Shares Pass Above 200-Day Moving Average of $565.96

Melrose Industries PLC (LON:MRO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 565.96 ($7.05) and traded as high as GBX 658.40 ($8.20). Melrose Industries shares last traded at GBX 648.80 ($8.08), with a volume of 2,829,312 shares traded.

Wall Street Analyst Weigh In

Separately, Numis Securities reaffirmed an “add” rating and issued a GBX 640 ($7.97) price target on shares of Melrose Industries in a report on Friday, March 8th.

Melrose Industries Stock Down 0.7 %

The stock has a fifty day moving average price of GBX 634.07 and a 200 day moving average price of GBX 567.52. The company has a debt-to-equity ratio of 23.05, a current ratio of 0.86 and a quick ratio of 0.45. The stock has a market capitalization of £8.28 billion, a P/E ratio of -31,360.00, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59.

Melrose Industries Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Thursday, March 28th will be issued a GBX 3.50 ($0.04) dividend. This is a positive change from Melrose Industries’s previous dividend of $1.50. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, March 28th. Melrose Industries’s dividend payout ratio (DPR) is presently -25,000.00%.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory acquired 16,670 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of GBX 596 ($7.42) per share, with a total value of £99,353.20 ($123,681.31). Corporate insiders own 2.96% of the company’s stock.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.