Magellan Aerospace (OTCMKTS:MALJF) Stock Price Down 2% – Should You Sell?

Magellan Aerospace Co. (OTCMKTS:MALJF)’s stock price fell 2% during trading on Wednesday . The stock traded as low as $7.40 and last traded at $7.40. 2,020 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 1,996 shares. The stock had previously closed at $7.55.

Magellan Aerospace Stock Down 2.0 %

The firm’s 50-day moving average price is $7.45 and its 200 day moving average price is $6.73.

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.