Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.60 and traded as high as C$11.00. Magellan Aerospace shares last traded at C$10.49, with a volume of 11,718 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities boosted their target price on Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.
Get Our Latest Research Report on Magellan Aerospace
Magellan Aerospace Stock Performance
The company has a debt-to-equity ratio of 12.92, a current ratio of 2.44 and a quick ratio of 1.55. The stock's 50-day moving average is C$10.40 and its two-hundred day moving average is C$9.60. The company has a market cap of C$599.40 million, a P/E ratio of 34.97, a P/E/G ratio of -21.36 and a beta of 1.11.
Magellan Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Magellan Aerospace's payout ratio is currently 33.33%.
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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