Magellan Aerospace (TSE:MAL) Hits New 52-Week High – Time to Buy?

Magellan Aerospace Co. (TSE:MAL)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$19.80 and last traded at C$19.76, with a volume of 21279 shares trading hands. The stock had previously closed at C$19.58.

Magellan Aerospace Price Performance

The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The business’s fifty day moving average is C$17.53 and its 200 day moving average is C$17.23. The company has a market cap of C$1.13 billion, a P/E ratio of 25.01, a PEG ratio of -21.36 and a beta of 0.24.

Magellan Aerospace (TSE:MAL) last released its earnings results on Thursday, November 13th. The company reported C$0.22 earnings per share (EPS) for the quarter. The business had revenue of C$255.67 million during the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%. As a group, sell-side analysts anticipate that Magellan Aerospace Co. will post 0.9692308 EPS for the current year.

Magellan Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. Magellan Aerospace’s dividend payout ratio (DPR) is presently 18.99%.

Magellan Aerospace Company Profile

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount.