Magellan Aerospace (TSE:MAL) Sets New 52-Week High – Time to Buy?

Magellan Aerospace Co. (TSE:MAL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$19.80 and last traded at C$19.76, with a volume of 21279 shares. The stock had previously closed at C$19.58.

Magellan Aerospace Stock Up 4.5%

The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The business’s 50 day moving average price is C$17.68 and its 200 day moving average price is C$17.27. The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of 25.72, a PEG ratio of -21.36 and a beta of 0.24.

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

Magellan Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. Magellan Aerospace’s dividend payout ratio (DPR) is 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.