Magellan Aerospace Co. (TSE:MAL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.94 and traded as high as C$10.15. Magellan Aerospace shares last traded at C$10.08, with a volume of 2,881 shares.
Wall Street Analyst Weigh In
Separately, TD Securities lifted their price objective on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Analysis on MAL
Magellan Aerospace Stock Down 0.8 %
The stock has a market cap of C$548.27 million, a PE ratio of 28.35, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. The business has a fifty day moving average of C$9.93 and a 200-day moving average of C$9.96. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55.
Magellan Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 17th. Magellan Aerospace's dividend payout ratio is 28.61%.
Magellan Aerospace Company Profile
(
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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.
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