Magellan Aerospace (TSE:MAL) Sets New 1-Year High - What's Next?

Magellan Aerospace Co. (TSE:MAL - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.32 and last traded at C$14.05, with a volume of 80158 shares traded. The stock had previously closed at C$13.90.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their price objective on shares of 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 5.1 %

The company's 50 day simple moving average is C$12.31 and its 200-day simple moving average is C$10.92. The firm has a market cap of C$856.98 million, a P/E ratio of 44.32, a P/E/G ratio of -21.36 and a beta of 1.11. The company has a quick ratio of 1.55, a current ratio of 2.58 and a debt-to-equity ratio of 11.81.

Magellan Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, March 19th. Magellan Aerospace's dividend payout ratio (DPR) is presently 28.61%.

About Magellan Aerospace

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.