Melrose Industries (OTCMKTS:MLSPF) Trading Down 6.3%

Shares of Melrose Industries PLC (OTCMKTS:MLSPFGet Rating) fell 6.3% during trading on Tuesday . The stock traded as low as $1.50 and last traded at $1.50. 3,000 shares were traded during trading, a decline of 86% from the average session volume of 22,024 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

Separately, Barclays cut their target price on shares of Melrose Industries from GBX 205 ($2.42) to GBX 180 ($2.13) in a research note on Tuesday, September 13th.

Melrose Industries Price Performance

The company’s 50-day moving average is $1.26 and its 200 day moving average is $1.57.

Melrose Industries Company Profile

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Melrose Industries PLC 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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