Magellan Aerospace (TSE:MAL) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Magellan Aerospace Co. (TSE:MAL - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.67 and traded as high as C$12.72. Magellan Aerospace shares last traded at C$12.62, with a volume of 24,120 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities increased their target price on Magellan Aerospace from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th.

Magellan Aerospace Trading Up 2.8 %

The firm's fifty day simple moving average is C$11.56 and its 200 day simple moving average is C$10.70. 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 stock has a market capitalization of C$762.37 million, a P/E ratio of 39.43, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11.

Magellan Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, March 19th. 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.