Magellan Aerospace (TSE:MAL) Shares Pass Above 200 Day Moving Average – Here’s Why

Magellan Aerospace Co. (TSE:MAL) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.67 and traded as high as C$19.63. Magellan Aerospace shares last traded at C$18.99, with a volume of 32,706 shares trading hands.

Magellan Aerospace Stock Performance

The business’s fifty day moving average is C$19.49 and its 200-day moving average is C$17.69. 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 company has a market cap of C$1.15 billion, a PE ratio of 25.47, a P/E/G ratio of -21.36 and a beta of 0.50.

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

Magellan Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Magellan Aerospace’s payout ratio is currently 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.