Magellan Aerospace (TSE:MAL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Magellan Aerospace Co. (TSE:MAL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.00 and traded as high as C$10.73. Magellan Aerospace shares last traded at C$10.67, with a volume of 8,532 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Magellan Aerospace Trading Down 1.2 %

The company’s fifty day simple moving average is C$9.97 and its two-hundred day simple moving average is C$9.00. The company has a quick ratio of 1.55, a current ratio of 2.44 and a debt-to-equity ratio of 12.92. The company has a market capitalization of C$609.68 million, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11.

Magellan Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.10 annualized dividend and a yield of 0.94%. Magellan Aerospace’s dividend payout ratio (DPR) is presently 33.33%.

Magellan Aerospace Company Profile

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.