Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report)’s share price fell 0.1% on Monday . The stock traded as low as $6.70 and last traded at $7.00. Approximately 8,975 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 28,263 shares. The stock had previously closed at $7.01.
Analysts Set New Price Targets
Separately, BNP Paribas Exane downgraded Melrose Industries from a “neutral” rating to an “underperform” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Stock Report on Melrose Industries
Melrose Industries Trading Down 0.1%
Melrose Industries Company Profile
Melrose Industries plc is a London‐based industrial investment company specializing in the acquisition and performance improvement of manufacturing businesses. Since its founding in 2003 by Christopher Miller and David Roper, Melrose has focused on identifying underperforming assets in sectors such as aerospace, automotive and powder metallurgy, acquiring them with the aim of enhancing operational efficiency and driving long‐term value creation.
Melrose’s portfolio is anchored by three core divisions.
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