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

Magellan Aerospace Co. (TSE:MAL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$23.08 and last traded at C$23.08, with a volume of 12614 shares traded. The stock had previously closed at C$22.64.

Magellan Aerospace Stock Up 2.7%

The company has a 50 day moving average of C$18.36 and a 200-day moving average of C$17.39. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The company has a market cap of C$1.33 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of -21.36 and a beta of 0.24.

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

Magellan Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 17th. Magellan Aerospace’s payout ratio is currently 18.99%.

About Magellan Aerospace

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.