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$7.77 and traded as high as C$8.07. Magellan Aerospace shares last traded at C$8.07, with a volume of 3,800 shares trading hands.
Analyst Ratings Changes
Separately, TD Securities upped their price target on Magellan Aerospace from C$13.50 to C$14.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th.
Read Our Latest Stock Report on Magellan Aerospace
Magellan Aerospace Price Performance
The business has a fifty day moving average of C$8.08 and a 200-day moving average of C$7.78. The firm has a market cap of C$456.87 million, a PE ratio of 49.94, a PEG ratio of -21.36 and a beta of 1.11. The company has a current ratio of 2.82, a quick ratio of 1.55 and a debt-to-equity ratio of 9.96.
Magellan Aerospace (TSE:MAL - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.07). The company had revenue of C$223.58 million for the quarter, compared to analysts' expectations of C$213.90 million. Magellan Aerospace had a return on equity of 1.26% and a net margin of 1.05%. As a group, research analysts predict that Magellan Aerospace Co. will post 0.7047279 earnings per share for the current year.
Magellan Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.10 dividend on an annualized basis and a yield of 1.25%. Magellan Aerospace's dividend payout ratio (DPR) is 62.50%.
About Magellan Aerospace
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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.
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