Magellan Aerospace (TSE:MAL) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Magellan Aerospace Co. (TSE:MALGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.39 and traded as high as C$22.67. Magellan Aerospace shares last traded at C$22.64, with a volume of 21,284 shares.

Magellan Aerospace Price Performance

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 firm’s 50-day moving average price is C$18.36 and its 200-day moving average price is C$17.39. The stock has a market capitalization of C$1.29 billion, a PE ratio of 28.66, a PEG ratio of -21.36 and a beta of 0.24.

Magellan Aerospace (TSE:MALGet Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.22 earnings per share for the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%.The company had revenue of C$255.67 million for the quarter. On average, equities analysts forecast that Magellan Aerospace Co. will post 0.9692308 EPS for the current fiscal year.

Magellan Aerospace Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. Magellan Aerospace’s payout ratio is currently 18.99%.

About Magellan Aerospace

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Magellan Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.