Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $6.91 and last traded at $6.85. 13,898 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 17,198 shares. The stock had previously closed at $6.8039.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Melrose Industries in a research report on Monday, April 20th. They issued a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Melrose Industries in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Melrose Industries presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on MLSPF
Melrose Industries Price Performance
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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