Melrose Industries (LON:MRO) Reaches New 12-Month High at $672.20

Shares of Melrose Industries PLC (LON:MROGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 672.20 ($8.49) and last traded at GBX 667.60 ($8.44), with a volume of 2794728 shares changing hands. The stock had previously closed at GBX 668.56 ($8.45).

Wall Street Analyst Weigh In

Separately, Numis Securities reiterated an “add” rating and set a GBX 640 ($8.09) price target on shares of Melrose Industries in a research report on Friday, March 8th.

Read Our Latest Report on MRO

Melrose Industries Price Performance

The firm has a market capitalization of £8.90 billion, a PE ratio of -33,530.00, a PEG ratio of 0.49 and a beta of 1.59. The stock has a 50-day moving average price of GBX 611.89 and a 200 day moving average price of GBX 549.07. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 23.05.

Melrose Industries Increases Dividend

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

Insider Activity

In other Melrose Industries news, insider Matthew Gregory acquired 16,670 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 596 ($7.53) per share, for a total transaction of £99,353.20 ($125,556.93). Company insiders own 2.96% of the company’s stock.

About Melrose Industries

(Get Free Report)

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.

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