Magellan Aerospace (TSE:MAL) Stock Passes Above 200-Day Moving Average - Should You Sell?

Magellan Aerospace Co. (TSE:MAL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.52 and traded as high as C$10.07. Magellan Aerospace shares last traded at C$10.07, with a volume of 4,103 shares.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective on Magellan Aerospace from C$17.00 to C$18.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.

Magellan Aerospace Trading Up 5.9 %

The business's 50-day moving average is C$10.39 and its two-hundred day moving average is C$9.53. 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 stock has a market capitalization of C$575.40 million, a PE ratio of 33.57, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11.

Magellan Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Tuesday, December 17th. Magellan Aerospace's dividend payout ratio (DPR) is presently 33.33%.

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.