Magellan Aerospace (TSE:MAL) Sets New 12-Month High - What's Next?

Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$14.32 and last traded at C$14.05, with a volume of 80158 shares changing hands. The stock had previously closed at C$13.90.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on Magellan Aerospace from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th.

Magellan Aerospace Stock Up 1.1 %

The firm has a market capitalization of C$777.31 million, a P/E ratio of 40.20, a PEG ratio of -21.36 and a beta of 1.11. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The stock has a 50 day moving average of C$11.94 and a 200-day moving average of C$10.81.

Magellan Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 19th. Magellan Aerospace's dividend payout ratio (DPR) is presently 28.61%.

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.

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