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

Shares of Magellan Aerospace Co. (TSE:MAL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.58 and traded as high as C$22.87. Magellan Aerospace shares last traded at C$22.00, with a volume of 22,695 shares changing hands.

Magellan Aerospace Price Performance

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 company has a market capitalization of C$1.26 billion, a PE ratio of 27.85, a P/E/G ratio of -21.36 and a beta of 0.24. The company’s 50-day simple moving average is C$18.98 and its 200-day simple moving average is C$17.58.

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

Magellan Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, December 17th. Magellan Aerospace’s dividend payout ratio (DPR) is 18.99%.

Magellan Aerospace Company Profile

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.