Magellan Aerospace (TSE:MAL) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Magellan Aerospace's stock price has crossed above its 200-day moving average, reaching as high as C$16.70 during trading, with its current share price at C$16.58.
• The company recently declared a quarterly dividend of $0.05, with a yield of 1.2% and a payout ratio of 18.94%.
• Magellan Aerospace has a market capitalization of C$947.36 million and operates within the aerospace industry, specializing in aerostructures and aeroengines.

Magellan Aerospace Co. (TSE:MAL - )'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.82 and traded as high as C$16.70. Magellan Aerospace shares last traded at C$16.58, with a volume of 20,737 shares trading hands.

Magellan Aerospace Price Performance

The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The firm has a market cap of C$947.36 million, a P/E ratio of 25.12, a PEG ratio of -21.36 and a beta of -0.14. The company has a fifty day moving average price of C$16.44 and a two-hundred day moving average price of C$15.82.

Magellan Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.20 annualized dividend and a yield of 1.2%. Magellan Aerospace's payout ratio is presently 18.94%.

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.

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