Magellan Aerospace (OTCMKTS:MALJF) Stock Price Up 1.2% – Time to Buy?

Magellan Aerospace Co. (OTCMKTS:MALJF)’s share price rose 1.2% on Thursday . The company traded as high as $12.3920 and last traded at $12.3920. Approximately 4,200 shares traded hands during trading, an increase of 18% from the average daily volume of 3,551 shares. The stock had previously closed at $12.25.

Analyst Upgrades and Downgrades

Separately, TD Securities reissued a “buy” rating on shares of Magellan Aerospace in a report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Magellan Aerospace currently has an average rating of “Buy”.

Magellan Aerospace Stock Up 1.2%

The firm’s 50 day simple moving average is $12.13 and its 200 day simple moving average is $12.38.

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.