Shares of Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $23.59 and traded as high as $24.81. Magellan Aerospace shares last traded at $24.81, with a volume of 6,402 shares trading hands.
Magellan Aerospace Trading Up 5.3%
The firm’s fifty day moving average price is $23.59 and its 200-day moving average price is $21.08.
Magellan Aerospace Company Profile
Magellan Aerospace Corporation is a Canadian aerospace manufacturer that designs, engineers and produces complex components and assemblies for the global aerospace industry. Its customers include major aircraft and engine manufacturers, as well as suppliers serving commercial, defense and space markets.
The company’s products and services include aeroengine components, structural assemblies, aerostructures, precision-machined parts, aluminum and titanium castings, forgings and specialty aerospace systems.
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