Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.98 and traded as high as C$19.04. Magellan Aerospace shares last traded at C$18.68, with a volume of 13,953 shares.
Analyst Upgrades and Downgrades
Separately, TD Securities upped their target price on shares of Magellan Aerospace from C$19.00 to C$20.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Report on MAL
Magellan Aerospace Stock Down 0.4%
The stock's fifty day moving average price is C$17.24 and its 200 day moving average price is C$13.08. The stock has a market cap of C$1.01 billion, a P/E ratio of 52.16, a price-to-earnings-growth 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 Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a $0.05 dividend. This is a positive change from Magellan Aerospace's previous quarterly dividend of $0.03. The ex-dividend date was Monday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.10%. Magellan Aerospace's dividend payout ratio is presently 28.61%.
About Magellan Aerospace
(
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Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services.
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