Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) shot up 2.1% during trading on Thursday . The stock traded as high as $19.68 and last traded at $18.87. 2,491 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 2,669 shares. The stock had previously closed at $18.49.
Magellan Aerospace Price Performance
The company’s fifty day simple moving average is $16.93 and its 200 day simple moving average is $14.58.
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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