Melrose Industries PLC (OTCMKTS:MLSPF – Get Free Report) shot up 3.8% on Wednesday . The company traded as high as $7.60 and last traded at $7.32. Approximately 5,416 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 15,055 shares. The stock had previously closed at $7.06.
Melrose Industries Trading Up 3.8 %
The company has a 50-day moving average of $6.43 and a 200-day moving average of $6.74.
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.
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