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

Shares of 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$10.28 and traded as high as C$13.00. Magellan Aerospace shares last traded at C$12.93, with a volume of 13,626 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their target price on shares of 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 firm has a market cap of C$644.53 million, a PE ratio of 33.33, a PEG 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 company has a 50-day simple moving average of C$10.57 and a two-hundred day simple moving average of C$10.34.

Magellan Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.10 annualized dividend and a yield of 0.86%. Magellan Aerospace's payout ratio is currently 28.61%.

Magellan Aerospace Company Profile

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.