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

Magellan Aerospace Co. (TSE:MAL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.60 and traded as high as C$11.00. Magellan Aerospace shares last traded at C$10.49, with a volume of 11,718 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities upped their price objective on Magellan Aerospace from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Magellan Aerospace Stock Down 4.5 %

The company has a debt-to-equity ratio of 12.92, a quick ratio of 1.55 and a current ratio of 2.44. The company has a market capitalization of C$599.40 million, a PE ratio of 34.97, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. The firm’s 50-day simple moving average is C$10.40 and its 200 day simple moving average is C$9.60.

Magellan Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. 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.