Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) shares fell 2.2% during trading on Wednesday . The stock traded as low as $25.25 and last traded at $25.25. 3,644 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 3,538 shares. The stock had previously closed at $25.81.
Wall Street Analyst Weigh In
Separately, TD Securities reaffirmed a “buy” rating on shares of Magellan Aerospace in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.
View Our Latest Research Report on MALJF
Magellan Aerospace Stock Down 2.2%
About Magellan Aerospace
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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