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

Magellan Aerospace Co. (TSE:MAL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.05 and traded as high as C$22.81. Magellan Aerospace shares last traded at C$22.58, with a volume of 34,201 shares.

Magellan Aerospace Stock Up 4.8%

The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of -21.36 and a beta of 0.64. The company has a debt-to-equity ratio of 11.35, a current ratio of 2.66 and a quick ratio of 1.55. The firm’s fifty day moving average price is C$22.20 and its 200-day moving average price is C$19.05.

Magellan Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. Magellan Aerospace’s dividend 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.