Shares of Magellan Aerospace Co. (TSE:MAL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.81 and traded as high as C$14.32. Magellan Aerospace shares last traded at C$14.05, with a volume of 80,158 shares.
Wall Street Analysts Forecast Growth
Separately, TD Securities boosted their target price 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.
Check Out Our Latest Report on MAL
Magellan Aerospace Stock Up 5.1%
The firm's 50 day moving average is C$12.31 and its 200-day moving average is C$10.93. The firm has a market cap of C$856.98 million, a PE ratio of 44.32, a P/E/G 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.
Magellan Aerospace Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 19th. Magellan Aerospace's dividend payout ratio (DPR) is presently 28.61%.
Magellan Aerospace Company Profile
(
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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.
Further Reading
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