Shares of Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) were down 4.9% during mid-day trading on Tuesday . The company traded as low as $6.10 and last traded at $6.2950. 12,700 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 28,084 shares. The stock had previously closed at $6.6225.
Wall Street Analyst Weigh In
Separately, BNP Paribas Exane cut Melrose Industries from a “neutral” rating to an “underperform” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Melrose Industries has an average rating of “Hold”.
View Our Latest Stock Analysis on Melrose Industries
Melrose Industries Trading Down 0.5%
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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