Magellan Aerospace Co. (TSE:MAL - Get Free Report)'s share price passed 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 changing hands.
Analyst Ratings Changes
Separately, TD Securities upped their target price on Magellan Aerospace from C$19.00 to C$20.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd.
Read Our Latest Report on Magellan Aerospace
Magellan Aerospace Stock Down 0.2%
The firm has a market cap of C$1.01 billion, a P/E ratio of 52.25, a price-to-earnings-growth 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. The firm has a fifty day moving average of C$17.15 and a 200-day moving average of C$13.02.
Magellan Aerospace Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, June 16th. This is a positive change from Magellan Aerospace's previous quarterly dividend of $0.03. 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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