Melrose Industries PLC (LON:MRO) Insider Buys £16,670.40 in Stock

Melrose Industries PLC (LON:MRO) insider Gillian Elcock bought 3,680 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of GBX 453 ($5.79) per share, with a total value of £16,670.40 ($21,304.03).

Melrose Industries Price Performance

MRO opened at GBX 481.90 ($6.16) on Wednesday. The company has a fifty day moving average price of GBX 575.55 and a two-hundred day moving average price of GBX 605.77. The company has a debt-to-equity ratio of 23.05, a quick ratio of 0.45 and a current ratio of 0.86. The firm has a market capitalization of £6.26 billion, a PE ratio of -30,060.00, a P/E/G ratio of 0.73 and a beta of 1.59. Melrose Industries PLC has a 52 week low of GBX 434.12 ($5.55) and a 52 week high of GBX 681.20 ($8.71).

Melrose Industries Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 8th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 0.34%. The ex-dividend date of this dividend is Thursday, August 8th.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Melrose Industries to an “outperform” rating and set a GBX 650 ($8.31) price objective for the company in a research report on Monday, July 8th.

Melrose Industries Company Profile

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.