Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) shares fell 0.1% on Monday . The company traded as low as $6.70 and last traded at $7.00. Approximately 8,975 shares traded hands during trading, a decline of 68% from the average daily volume of 28,263 shares. The stock had previously closed at $7.01.
Wall Street Analysts Forecast Growth
Separately, BNP Paribas Exane lowered shares of 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Melrose Industries
Melrose Industries Stock Down 0.1%
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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