Magellan Aerospace (OTCMKTS:MALJF) PT Lowered to C$10.50 at TD Securities

Magellan Aerospace (OTCMKTS:MALJF – Get Rating) had its target price decreased by equities research analysts at TD Securities from C$11.00 to C$10.50 in a research note issued on Wednesday, The Fly reports.

Shares of OTCMKTS MALJF remained flat at $$7.04 during midday trading on Wednesday. 12,650 shares of the stock were exchanged, compared to its average volume of 1,489. The business’s 50 day moving average is $7.72 and its 200-day moving average is $7.81. Magellan Aerospace has a 52 week low of $7.04 and a 52 week high of $9.01.

About Magellan Aerospace (Get Rating)

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine, and aero structure assemblies and components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services.

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