Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report)’s stock price dropped 3.8% during mid-day trading on Tuesday . The stock traded as low as $22.2307 and last traded at $22.24. 87,025 shares were traded during trading, an increase of 2,361% from the average session volume of 3,536 shares. The stock had previously closed at $23.12.
Analyst Upgrades and Downgrades
Separately, TD Securities reissued a “buy” rating on shares of Magellan Aerospace in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.
Get Our Latest Stock Analysis on Magellan Aerospace
Magellan Aerospace Stock Performance
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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