Magellan Aerospace (TSE:MAL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Magellan Aerospace Co. (TSE:MAL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.70 and traded as high as C$16.94. Magellan Aerospace shares last traded at C$16.94, with a volume of 8,284 shares changing hands.

Magellan Aerospace Stock Performance

The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The stock has a market cap of C$967.93 million, a price-to-earnings ratio of 25.67, a P/E/G ratio of -21.36 and a beta of -0.29. The stock’s 50-day moving average is C$16.72 and its 200 day moving average is C$16.70.

Magellan Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a $0.05 dividend. The ex-dividend date 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 (DPR) is presently 18.94%.

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.