Magellan Aerospace (TSE:MAL) Reaches New 1-Year High – Should You Buy?

Magellan Aerospace Co. (TSE:MAL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$23.08 and last traded at C$23.08, with a volume of 12614 shares trading hands. The stock had previously closed at C$22.64.

Magellan Aerospace Trading Up 2.7%

The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 29.42, a PEG ratio of -21.36 and a beta of 0.24. The business has a fifty day simple moving average of C$18.36 and a 200-day simple moving average of C$17.39.

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

Magellan Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid 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 dividend payout ratio (DPR) is 18.99%.

About Magellan Aerospace

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.