Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) rose 5.3% on Wednesday . The stock traded as high as $24.36 and last traded at $24.36. Approximately 3,520 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 4,213 shares. The stock had previously closed at $23.14.
Analyst Upgrades and Downgrades
Separately, TD Securities restated a “buy” rating on shares of Magellan Aerospace in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
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Magellan Aerospace Stock Up 5.3%
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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