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

Shares of Magellan Aerospace Co. (TSE:MAL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.67 and traded as high as C$19.63. Magellan Aerospace shares last traded at C$18.99, with a volume of 32,706 shares.

Magellan Aerospace Stock Down 3.8%

The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The business’s fifty day moving average price is C$19.42 and its two-hundred day moving average price is C$17.67. The firm has a market cap of C$1.08 billion, a P/E ratio of 24.04, a P/E/G ratio of -21.36 and a beta of 0.50.

Magellan Aerospace (TSE:MAL) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$255.67 million during the quarter. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. As a group, equities research analysts anticipate that Magellan Aerospace Co. will post 0.9692308 EPS for the current year.

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 issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Magellan Aerospace’s dividend 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.