Magellan Aerospace (TSE:MAL) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Magellan Aerospace Co. (TSE:MAL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective on shares of Magellan Aerospace from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd.

Magellan Aerospace Stock Down 1.5%

The business's fifty day moving average price is C$17.32 and its 200 day moving average price is C$13.17. The company has a market capitalization of C$993.08 million, a P/E ratio of 51.36, a P/E/G 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 company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, June 16th. This is a boost from Magellan Aerospace's previous quarterly dividend of $0.03. Magellan Aerospace's dividend payout ratio is 28.61%.

Magellan Aerospace Company Profile

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.