Shares of Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) traded down 3.8% during trading on Tuesday . The company traded as low as $22.2307 and last traded at $22.24. 87,025 shares traded hands during mid-day trading, an increase of 2,361% from the average session volume of 3,536 shares. The stock had previously closed at $23.12.
Wall Street Analysts Forecast Growth
Separately, TD Securities restated a “buy” rating on shares of Magellan Aerospace in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.
Check Out Our Latest Research Report on Magellan Aerospace
Magellan Aerospace Stock Down 3.8%
Magellan Aerospace Company Profile
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.
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