Melrose Industries (OTCMKTS:MLSPF – Get Free Report) will likely be announcing its resultson Friday, July 31st. Analysts expect Melrose Industries to announce earnings of $0.2278 per share and revenue of $2.4092 billion for the quarter.
Melrose Industries Stock Performance
MLSPF stock opened at $6.42 on Wednesday. Melrose Industries has a 1-year low of $5.79 and a 1-year high of $9.60. The business has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $7.26.
Analyst Ratings Changes
Separately, BNP Paribas Exane lowered shares of Melrose Industries from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Melrose Industries currently has an average rating of “Hold”.
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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