Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report)’s share price dropped 2.2% on Wednesday . The stock traded as low as $25.25 and last traded at $25.25. 3,644 shares traded hands during trading, an increase of 3% from the average daily volume of 3,538 shares. The stock had previously closed at $25.81.
Wall Street Analyst Weigh In
Separately, TD Securities reiterated a “buy” rating on shares of Magellan Aerospace in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Magellan Aerospace has an average rating of “Buy”.
Read Our Latest Stock Analysis on MALJF
Magellan Aerospace Stock Performance
About Magellan Aerospace
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.
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