Magellan Aerospace (TSE:MAL) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Magellan Aerospace Co. (TSE:MAL) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.39 and traded as high as C$22.67. Magellan Aerospace shares last traded at C$22.64, with a volume of 21,284 shares changing hands.

Magellan Aerospace Stock Down 0.5%

The company has a quick ratio of 1.55, a current ratio of 2.58 and a debt-to-equity ratio of 11.81. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 28.66, a PEG ratio of -21.36 and a beta of 0.24. The company has a fifty day moving average price of C$18.36 and a 200-day moving average price of C$17.39.

Magellan Aerospace (TSE:MAL) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 earnings per share for the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%.The business had revenue of C$255.67 million during the quarter. As a group, research analysts forecast that Magellan Aerospace Co. will post 0.9692308 EPS for the current fiscal year.

Magellan Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, December 17th. Magellan Aerospace’s payout ratio is currently 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.