Magellan Aerospace (TSE:MAL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Magellan Aerospace Co. (TSE:MALGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Magellan Aerospace Stock Up 6.0%

The firm’s fifty day simple moving average is C$19.49 and its two-hundred day simple moving average is C$17.69. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of -21.36 and a beta of 0.50.

Magellan Aerospace (TSE:MALGet Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 EPS for the quarter. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. The firm had revenue of C$255.67 million for the quarter. Sell-side analysts anticipate that Magellan Aerospace Co. will post 0.9692308 EPS for the current year.

Magellan Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. Magellan Aerospace’s dividend payout ratio (DPR) is currently 18.99%.

About Magellan Aerospace

(Get Free Report)

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.

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