Magellan Aerospace (TSE:MAL) Hits New 52-Week High – Still a Buy?

Magellan Aerospace Co. (TSE:MAL)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$26.00 and last traded at C$23.21, with a volume of 42395 shares traded. The stock had previously closed at C$24.60.

Magellan Aerospace Stock Performance

The company’s fifty day moving average price is C$21.36 and its two-hundred day moving average price is C$18.48. The firm has a market capitalization of C$1.32 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of -21.36 and a beta of 0.64. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.55 and a current ratio of 2.66.

Magellan Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid 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 0.9%. 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.