Magellan Aerospace (TSE:MAL) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Magellan Aerospace Co. (TSE:MALGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.06 and traded as high as C$17.70. Magellan Aerospace shares last traded at C$17.25, with a volume of 22,829 shares changing hands.

Magellan Aerospace Stock Down 1.7%

The company has a quick ratio of 1.55, a current ratio of 2.58 and a debt-to-equity ratio of 11.81. The company has a market capitalization of C$985.65 million, a PE ratio of 26.14, a price-to-earnings-growth ratio of -21.36 and a beta of -0.28. The business’s 50 day simple moving average is C$16.48 and its 200 day simple moving average is C$16.06.

Magellan Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Magellan Aerospace’s dividend payout ratio is currently 18.94%.

Magellan Aerospace Company Profile

(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.

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