Magellan Aerospace (TSE:MAL) Sets New 52-Week Low at $6.88

Magellan Aerospace Co. (TSE:MAL – Get Rating) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$6.88 and last traded at C$7.01, with a volume of 13919 shares trading hands. The stock had previously closed at C$7.39.

Separately, TD Securities decreased their target price on shares of Magellan Aerospace from C$11.00 to C$10.50 and set a “hold” rating for the company in a research note on Thursday, May 12th.

The company has a quick ratio of 1.80, a current ratio of 3.30 and a debt-to-equity ratio of 8.70. The stock’s 50-day simple moving average is C$8.06 and its two-hundred day simple moving average is C$9.25. The company has a market capitalization of C$411.61 million and a price-to-earnings ratio of -65.98.

Magellan Aerospace (TSE:MAL – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$187.71 million for the quarter. On average, sell-side analysts forecast that Magellan Aerospace Co. will post 0.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Wednesday, June 15th. Magellan Aerospace’s payout ratio is -375.00%.

Magellan Aerospace Company Profile (TSE:MAL)

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, cases, bypass ducts, engine shafts, engine processes, engine materials, metallic honeycomb, filament winding, compressor components, turbine components, and afterburner components, as well as small and large wing components, landing gear, horizontal and vertical stabilizers, and nacelle exhaust systems.

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