Magellan Aerospace (TSE:MAL) Reaches New 52-Week High – What’s Next?

Shares of Magellan Aerospace Co. (TSE:MAL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$23.08 and last traded at C$23.08, with a volume of 12614 shares traded. The stock had previously closed at C$22.64.

Magellan Aerospace Stock Up 1.4%

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’s 50 day moving average price is C$18.59 and its 200 day moving average price is C$17.47. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of -21.36 and a beta of 0.24.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 EPS for the quarter. The company had revenue of C$255.67 million for the quarter. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. As a group, research analysts forecast that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current fiscal year.

Magellan Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Magellan Aerospace’s payout ratio is presently 18.99%.

Magellan Aerospace Company Profile

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.