Magellan Aerospace (TSE:MAL) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Magellan Aerospace Co. (TSE:MAL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.79 and traded as high as C$10.61. Magellan Aerospace shares last traded at C$10.43, with a volume of 5,796 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price objective on Magellan Aerospace from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, August 8th.

Magellan Aerospace Stock Down 0.7 %

The company has a debt-to-equity ratio of 12.92, a current ratio of 2.44 and a quick ratio of 1.55. The business’s 50 day moving average price is C$9.66 and its 200 day moving average price is C$8.79. The firm has a market cap of C$595.97 million, a PE ratio of 34.77, a PEG ratio of -21.36 and a beta of 1.11.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$242.91 million during the quarter. Magellan Aerospace had a return on equity of 2.30% and a net margin of 1.88%. On average, equities research analysts expect that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current year.

Magellan Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, September 16th. This represents a $0.10 annualized dividend and a yield of 0.96%. Magellan Aerospace’s dividend payout ratio (DPR) is presently 33.33%.

Magellan Aerospace Company Profile

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.