Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) shares rose 2.7% during trading on Tuesday . The company traded as high as $22.27 and last traded at $21.8065. Approximately 2,210 shares were traded during trading, a decline of 14% from the average daily volume of 2,573 shares. The stock had previously closed at $21.23.
Analyst Ratings Changes
Separately, TD Securities restated a “buy” rating on shares of Magellan Aerospace in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Magellan Aerospace presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on MALJF
Magellan Aerospace Stock Up 2.7%
About Magellan Aerospace
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.
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