Magellan Aerospace (TSE:MAL) Share Price Crosses Above 200 Day Moving Average - What's Next?

Shares of Magellan Aerospace Co. (TSE:MAL - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.67 and traded as high as C$12.72. Magellan Aerospace shares last traded at C$12.62, with a volume of 24,120 shares traded.

Analysts Set New Price Targets

Separately, TD Securities boosted their price objective on Magellan Aerospace from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th.

Magellan Aerospace Stock Performance

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 50-day moving average price is C$11.71 and its two-hundred day moving average price is C$10.74. The company has a market capitalization of C$765.69 million, a price-to-earnings ratio of 39.60, a PEG ratio of -21.36 and a beta of 1.11.

Magellan Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend 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.