Magellan Aerospace (TSE:MAL) Trading Down 0.6% – What’s Next?

Magellan Aerospace Co. (TSE:MAL) shares traded down 0.6% during mid-day trading on Wednesday . The company traded as low as C$10.74 and last traded at C$10.74. 4,397 shares changed hands during trading, a decline of 55% from the average session volume of 9,716 shares. The stock had previously closed at C$10.81.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Magellan Aerospace Stock Down 0.6 %

The company has a quick ratio of 1.55, a current ratio of 2.44 and a debt-to-equity ratio of 12.92. The company has a market cap of C$613.68 million, a P/E ratio of 35.80, a P/E/G ratio of -21.36 and a beta of 1.11. The business’s 50 day moving average is C$10.48 and its 200 day moving average is C$9.35.

Magellan Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.93%. Magellan Aerospace’s dividend payout ratio is presently 33.33%.

Magellan Aerospace Company Profile

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.