Magellan Aerospace (TSE:MAL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Magellan Aerospace Co. (TSE:MALGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.58 and traded as high as C$22.87. Magellan Aerospace shares last traded at C$22.00, with a volume of 22,695 shares changing hands.

Magellan Aerospace Stock Performance

The company has a market cap of C$1.26 billion, a PE ratio of 27.85, a P/E/G ratio of -21.36 and a beta of 0.24. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The stock’s 50-day simple moving average is C$18.98 and its 200 day simple moving average is C$17.58.

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

Magellan Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. Magellan Aerospace’s payout ratio is 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.

Further Reading

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