1 week Ago By Defense World Staff
Magellan Aerospace Co. (TSE:MAL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.
41 and traded as high as C$12.20. Magellan Aerospace shares last traded at C$12.
15, with a volume of 25,306 shares traded. Analysts Set New Price TargetsSeparately, TD Securities upped their price objective on shares of Magellan Aerospace from C$18.00 to C$19.
00 and gave the company a “buy” rating in a research report on Monday, March 17th.Check Out Our Latest Stock Analysis on MALMagellan Aerospace Trading Up 6.5 %The business’s 50 day moving average price is C$10.
77 and its 200-day moving average price is C$10.41. The company has a market cap of C$672.
19 million, a price-to-earnings ratio of 34.76, a PEG ratio of -21.36 and a beta of 1.
11. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.
55 and a current ratio of 2.58. Magellan Aerospace Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Monday, March 31st were issued a dividend of $0.025 per share. This represents a $0.
10 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, March 19th.
Magellan Aerospace’s dividend payout ratio is currently 28.61%. Magellan Aerospace Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Magellan AerospaceWhat is Put Option Volume?Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreMarket Cap Calculator: How to Calculate Market CapAre Tariffs Threatening Disney’s Comeback Story?What Are Dividend Challengers?Is Alphabet a Generational Buying Opportunity at These Levels?.
