Magellan Aerospace (TSE:MAL) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Magellan Aerospace Co. (TSE:MAL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.78 and traded as high as C$20.47. Magellan Aerospace shares last traded at C$20.03, with a volume of 17,223 shares trading hands.

Magellan Aerospace Stock Performance

The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The company has a market cap of C$1.14 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of -21.36 and a beta of 0.50. The business has a fifty day simple moving average of C$19.85 and a two-hundred day simple moving average of C$17.78.

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

Magellan Aerospace Announces Dividend

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