Magellan Aerospace (TSE:MAL) Shares Pass Above 200-Day Moving Average – Should You Sell?

Magellan Aerospace Co. (TSE:MAL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.22 and traded as high as C$18.28. Magellan Aerospace shares last traded at C$18.15, with a volume of 13,694 shares traded.

Magellan Aerospace Price Performance

The business’s 50-day moving average price is C$17.40 and its 200 day moving average price is C$17.22. The company has a quick ratio of 1.55, a current ratio of 2.58 and a debt-to-equity ratio of 11.81. The company has a market capitalization of C$1.06 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of -21.36 and a beta of -0.33.

Magellan Aerospace (TSE:MAL) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 EPS for the quarter. The firm had revenue of C$255.67 million during the quarter. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. Analysts anticipate that Magellan Aerospace Co. will post 0.9692308 EPS for the current fiscal year.

Magellan Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, December 17th. Magellan Aerospace’s dividend payout ratio is 18.99%.

About Magellan Aerospace

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.