Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) shares rose 5.3% during mid-day trading on Wednesday . The company traded as high as $24.36 and last traded at $24.36. 3,520 shares were traded during mid-day trading, a decline of 16% from the average session volume of 4,213 shares. The stock had previously closed at $23.14.
Wall Street Analyst Weigh In
Separately, TD Securities restated a “buy” rating on shares of Magellan Aerospace in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
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Magellan Aerospace Stock Performance
Magellan Aerospace Company Profile
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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