Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as C$17.35 and last traded at C$17.24, with a volume of 55117 shares changing hands. The stock had previously closed at C$16.75.
Analysts Set New Price Targets
Separately, TD Securities raised their price target on Magellan Aerospace from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Thursday, May 22nd.
Read Our Latest Report on MAL
Magellan Aerospace Trading Down 2.4%
The firm has a fifty day simple moving average of C$13.99 and a two-hundred day simple moving average of C$11.57. The stock has a market cap of C$933.33 million, a PE ratio of 48.27, a PEG ratio of -21.36 and a beta of 1.11. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81.
Magellan Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.025 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. Magellan Aerospace's dividend payout ratio (DPR) is currently 28.61%.
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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