Melrose Industries (OTCMKTS:MLSPF) Shares Down 0.9% – Here’s Why

Melrose Industries PLC (OTCMKTS:MLSPFGet Free Report) traded down 0.9% on Tuesday . The company traded as low as $7.26 and last traded at $7.42. 5,070 shares traded hands during trading, an increase of 39% from the average session volume of 3,658 shares. The stock had previously closed at $7.50.

Melrose Industries Stock Performance

The business’s 50 day moving average is $7.10 and its two-hundred day moving average is $6.63.

Melrose Industries Company Profile

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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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