Shares of Magellan Aerospace Co. (TSE:MAL - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$12.75 and last traded at C$12.40, with a volume of 40947 shares. The stock had previously closed at C$12.24.
Analyst Upgrades and Downgrades
Separately, TD Securities raised their price target on Magellan Aerospace from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Monday, March 17th.
Get Our Latest Analysis on Magellan Aerospace
Magellan Aerospace Trading Down 1.4 %
The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The company has a market capitalization of C$704.28 million, a PE ratio of 36.42, a PEG ratio of -21.36 and a beta of 1.11. The stock has a fifty day moving average of C$10.33 and a 200 day moving average of C$10.21.
Magellan Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, March 19th. Magellan Aerospace's dividend payout ratio (DPR) is presently 28.61%.
About Magellan Aerospace
(
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Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.
Further Reading
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