Melrose Industries (OTCMKTS:MLSPF) Stock Price Down 6.3%

Melrose Industries PLC (OTCMKTS:MLSPFGet Rating) shares were down 6.3% on Tuesday . The stock traded as low as $1.50 and last traded at $1.50. Approximately 3,000 shares changed hands during trading, a decline of 86% from the average daily volume of 22,024 shares. The stock had previously closed at $1.60.

Analyst Ratings Changes

Separately, Barclays reduced their price target on shares of Melrose Industries from GBX 205 ($2.42) to GBX 180 ($2.13) in a research report on Tuesday, September 13th.

Melrose Industries Stock Performance

The firm’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.57.

About Melrose Industries

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Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.

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