Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) rose 6.7% during trading on Thursday . The company traded as high as $16.35 and last traded at $16.21. Approximately 10,332 shares traded hands during trading, an increase of 310% from the average daily volume of 2,517 shares. The stock had previously closed at $15.19.
Magellan Aerospace Stock Up 6.7%
The business has a fifty day moving average price of $16.08 and a two-hundred day moving average price of $13.93.
Magellan Aerospace Company Profile
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.
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