Magellan Aerospace (TSE:MAL) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Magellan Aerospace Co. (TSE:MAL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.22 and traded as high as C$18.28. Magellan Aerospace shares last traded at C$18.15, with a volume of 13,694 shares traded.

Magellan Aerospace Stock Performance

The company has a market cap of C$1.04 billion, a PE ratio of 22.97, a PEG ratio of -21.36 and a beta of -0.33. 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 firm’s 50 day moving average is C$17.36 and its 200-day moving average is C$17.22.

Magellan Aerospace (TSE:MAL) last released its earnings results on Thursday, November 13th. The company reported C$0.22 earnings per share 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%. On average, research analysts anticipate that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current fiscal year.

Magellan Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Magellan Aerospace’s payout ratio is 18.99%.

About Magellan Aerospace

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.