Magellan Aerospace (TSE:MAL) Shares Pass Above 200 Day Moving Average – Should You Sell?

Magellan Aerospace Co. (TSE:MAL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.78 and traded as high as C$20.47. Magellan Aerospace shares last traded at C$20.03, with a volume of 17,223 shares changing hands.

Magellan Aerospace Price Performance

The stock’s 50 day moving average price is C$19.85 and its 200-day moving average price is C$17.78. 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$1.14 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of -21.36 and a beta of 0.50.

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

Magellan Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. 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.