Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.47 and traded as high as C$9.76. Magellan Aerospace shares last traded at C$9.26, with a volume of 22,967 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities raised their target price on Magellan Aerospace from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on Magellan Aerospace
Magellan Aerospace Stock Up 3.1 %
The firm has a market capitalization of C$545.69 million, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. The company has a debt-to-equity ratio of 12.92, a quick ratio of 1.55 and a current ratio of 2.44. The business's 50 day moving average is C$10.49 and its 200-day moving average is C$9.48.
Magellan Aerospace Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.025 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.10 annualized dividend and a yield of 1.05%. Magellan Aerospace's payout ratio is 33.33%.
About Magellan Aerospace
(
Get Free Report)
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.
See Also
Before you consider Magellan Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magellan Aerospace wasn't on the list.
While Magellan Aerospace currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
