Shares of Magellan Aerospace Co. (TSE:MAL - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.70 and traded as high as C$10.45. Magellan Aerospace shares last traded at C$10.26, with a volume of 5,113 shares changing hands.
Wall Street Analyst Weigh In
Separately, TD Securities upped their target price on shares of Magellan Aerospace from C$16.00 to C$17.00 and gave the company a "buy" rating in a research report on Thursday, August 8th.
Check Out Our Latest Stock Analysis on Magellan Aerospace
Magellan Aerospace Price Performance
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 stock has a market cap of C$586.26 million, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. The firm has a 50 day simple moving average of C$9.52 and a two-hundred day simple moving average of C$8.70.
Magellan Aerospace (TSE:MAL - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.13 earnings per share for the quarter. Magellan Aerospace had a net margin of 1.88% and a return on equity of 2.30%. The business had revenue of C$242.91 million for the quarter. As a group, sell-side analysts expect that Magellan Aerospace Co. will post 0.9692308 EPS for the current year.
Magellan Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, September 16th. Magellan Aerospace's dividend payout ratio is currently 33.33%.
About Magellan Aerospace
(
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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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