Magellan Aerospace (TSE:MAL) Share Price Crosses Above 200 Day Moving Average - Here's Why

Magellan Aerospace Co. (TSE:MAL - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.97 and traded as high as C$10.13. Magellan Aerospace shares last traded at C$10.10, with a volume of 6,580 shares.

Magellan Aerospace Stock Down 0.1 %

The firm has a market capitalization of C$538.31 million, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. 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 business's 50 day moving average is C$9.97 and its 200-day moving average is C$10.00.

Magellan Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.03%. Magellan Aerospace's payout ratio is presently 28.61%.

Magellan Aerospace Company Profile

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.