Shares of Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) were down 2.6% during trading on Tuesday . The company traded as low as $8.4350 and last traded at $9.1310. Approximately 6,666 shares were traded during trading, a decline of 27% from the average daily volume of 9,074 shares. The stock had previously closed at $9.3750.
Wall Street Analysts Forecast Growth
Separately, Citigroup reiterated a “buy” rating on shares of Melrose Industries in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on MLSPF
Melrose Industries Price Performance
About Melrose Industries
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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