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$9.00 and traded as high as C$10.73. Magellan Aerospace shares last traded at C$10.67, with a volume of 8,532 shares traded.
Analyst Ratings Changes
Separately, TD Securities raised their price objective on Magellan Aerospace from C$17.00 to C$18.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Report on MAL
Magellan Aerospace Stock Down 1.2 %
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 firm has a 50-day moving average price of C$9.97 and a 200 day moving average price of C$9.00. The company has a market cap of C$609.68 million, a price-to-earnings ratio of 35.57, a P/E/G ratio of -21.36 and a beta of 1.11.
Magellan Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Magellan Aerospace's dividend payout ratio (DPR) is 33.33%.
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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