Melrose Industries (OTCMKTS:MLSPF) Shares Up 4.3% – Should You Buy?

Melrose Industries PLC (OTCMKTS:MLSPF)’s share price shot up 4.3% during mid-day trading on Friday . The company traded as high as $8.2150 and last traded at $8.2150. 3,468 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 14,361 shares. The stock had previously closed at $7.8750.

Analyst Ratings Changes

MLSPF has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Melrose Industries in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Melrose Industries in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Melrose Industries Price Performance

The company’s 50-day moving average price is $8.31 and its 200 day moving average price is $7.66.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.