Magellan Aerospace (TSE:MAL) Reaches New 52-Week High – Here’s What Happened

Magellan Aerospace Co. (TSE:MAL) shares reached a new 52-week high on Tuesday . The stock traded as high as C$20.69 and last traded at C$20.14, with a volume of 38569 shares changing hands. The stock had previously closed at C$20.32.

Magellan Aerospace Stock Down 0.9%

The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The stock’s 50-day moving average price is C$17.73 and its 200-day moving average price is C$17.25. The company has a market cap of C$1.15 billion, a P/E ratio of 25.49, a PEG ratio of -21.36 and a beta of 0.24.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 earnings per share for the quarter. The business had revenue of C$255.67 million for the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%. As a group, research analysts forecast that Magellan Aerospace Co. will post 0.9692308 EPS for the current year.

Magellan Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 17th. Magellan Aerospace’s dividend payout ratio is presently 18.99%.

Magellan Aerospace Company Profile

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount.