Magellan Aerospace (TSE:MAL) Stock Price Down 0.6% - Time to Sell?

Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price traded down 0.6% on Wednesday . The stock traded as low as C$10.74 and last traded at C$10.74. 4,397 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 9,716 shares. The stock had previously closed at C$10.81.

Analysts Set New Price Targets

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

Magellan Aerospace Stock Performance

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 company has a market capitalization of C$611.97 million, a price-to-earnings ratio of 35.80, a P/E/G ratio of -21.36 and a beta of 1.11. The firm has a 50-day simple moving average of C$10.48 and a two-hundred day simple moving average of C$9.35.

Magellan Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, December 17th. Magellan Aerospace's dividend payout ratio (DPR) is currently 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.