Magellan Aerospace (TSE:MAL) Hits New 1-Year High – Here’s What Happened

Magellan Aerospace Co. (TSE:MAL) shares hit a new 52-week high on Thursday . The company traded as high as C$23.67 and last traded at C$23.60, with a volume of 43910 shares changing hands. The stock had previously closed at C$22.55.

Magellan Aerospace Trading Up 4.7%

The firm has a market capitalization of C$1.35 billion, a PE ratio of 29.87, a P/E/G ratio of -21.36 and a beta of 0.50. The business has a 50 day moving average price of C$20.51 and a 200-day moving average price of C$18.04. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81.

Magellan Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.05 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 annualized dividend and a yield of 0.8%. Magellan Aerospace’s dividend 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.