Melrose Industries PLC (MRO.L) (LON:MRO) Stock Rating Reaffirmed by Barclays

Melrose Industries PLC (MRO.L) (LON:MRO)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a research note issued on Thursday, AR Network reports.

LON MRO traded down GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 184.65 ($2.41). 5,109,563 shares of the stock were exchanged, compared to its average volume of 9,439,443. The company has a market cap of £8.97 billion and a price-to-earnings ratio of -19.46. Melrose Industries PLC has a 12-month low of GBX 72 ($0.94) and a 12-month high of GBX 255.24 ($3.33). The stock has a 50-day moving average of GBX 170.89 and a 200 day moving average of GBX 131.68. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 61.44.

About Melrose Industries PLC (MRO.L)

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air management, and other industrial businesses. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms. The company's Automotive segment is involved in the design, development, manufacturing, and integration of driveline technologies; and electric powertrains and intelligent all-wheel drive systems.

Read More: What is a recession?