Magellan Aerospace (TSE:MAL) Reaches New 12-Month High – Still a Buy?

Magellan Aerospace Co. (TSE:MAL) hit a new 52-week high on Monday . The company traded as high as C$26.00 and last traded at C$23.21, with a volume of 42395 shares traded. The stock had previously closed at C$24.60.

Magellan Aerospace Price Performance

The firm has a 50-day moving average of C$21.60 and a 200-day moving average of C$18.60. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.55 and a current ratio of 2.66. The firm has a market capitalization of C$1.40 billion, a P/E ratio of 31.13, a PEG ratio of -21.36 and a beta of 0.64.

Magellan Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, December 17th. Magellan Aerospace’s dividend payout ratio (DPR) is presently 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.