Magellan Aerospace (TSE:MAL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Magellan Aerospace Co. (TSE:MAL)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Magellan Aerospace Stock Performance

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 company has a fifty day moving average price of C$22.20 and a two-hundred day moving average price of C$19.11. The company has a market capitalization of C$1.26 billion, a P/E ratio of 27.89, a PEG ratio of -21.36 and a beta of 0.64.

Magellan Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 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.