Magellan Aerospace (TSE:MAL) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Magellan Aerospace Co. (TSE:MAL - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.15 and traded as high as C$15.53. Magellan Aerospace shares last traded at C$15.37, with a volume of 36,690 shares.

Analysts Set New Price Targets

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 research note on Tuesday, May 13th.

Magellan Aerospace Stock Performance

The firm has a market capitalization of C$850.34 million, a PE ratio of 43.98, a P/E/G ratio of -21.36 and a beta of 1.11. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The company's fifty day simple moving average is C$12.99 and its 200 day simple moving average is C$11.15.

Magellan Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, March 19th. Magellan Aerospace's payout ratio is 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.

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