Magellan Aerospace (TSE:MAL) Hits New 52-Week High – Still a Buy?

Magellan Aerospace Co. (TSE:MAL)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$26.00 and last traded at C$23.21, with a volume of 42395 shares trading hands. The stock had previously closed at C$24.60.

Magellan Aerospace Trading Down 5.7%

The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of -21.36 and a beta of 0.64. The business has a 50 day moving average of C$21.36 and a 200 day moving average of C$18.48. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 11.35.

Magellan Aerospace Announces Dividend

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