Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report)’s share price was up 7.8% on Tuesday . The stock traded as high as $12.65 and last traded at $12.65. Approximately 12,565 shares were traded during trading, an increase of 378% from the average daily volume of 2,626 shares. The stock had previously closed at $11.73.
Magellan Aerospace Stock Performance
The firm’s 50 day moving average price is $11.88 and its two-hundred day moving average price is $11.96.
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.
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