Magellan Aerospace (OTCMKTS:MALJF) Shares Down 0.7% – What’s Next?

Magellan Aerospace Co. (OTCMKTS:MALJF)’s share price was down 0.7% during trading on Monday . The company traded as low as $12.42 and last traded at $12.42. Approximately 2,218 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 1,961 shares. The stock had previously closed at $12.51.

Wall Street Analyst Weigh In

Separately, TD Securities reiterated a “buy” rating on shares of Magellan Aerospace in a report on Tuesday, May 13th.

Magellan Aerospace Stock Down 0.7%

The stock has a fifty day moving average price of $10.06 and a 200 day moving average price of $8.19.

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.