Closing Bell: Magellan Aero up on Tuesday (MAL)

Magellan Aero opened trading today at $8.24 and closed at $8.27. prices ranged from $8.24 to $8.47.

Shares advanced 1.22% from the previous day's close of $8.17.

During the day across North America, the TSX Composite closed 0.34% at 22751.68, the S&P 500 closed 0.28% at 5631.22, the Dow Jones Industrial Average closed 0.53% at 40211.72 and the Nasdaq Composite closed 0.40% at 18472.57.

Magellan Aero has listed on the Toronto Stock Exchange (TSX) under the ticker MAL.

A total of 11,710 shares was traded during the last trading day, with total trades of 24, while having an average volume of 10,970 over 5 days.

The TSX overall saw 4,226 price advancers against 1,023 declines and 82 unchanged.

During the prior 52 weeks, MAL.TO has traded as high as $8.67 (March 14,2024) and low as $7.02 (September 18,2023). Moreover, in the last 52 weeks, Magellan Aero's shares have grown 0.85%, while in 2024, they have raised 5.35%.

It announced a 0.03 dividend on April 30/24, with an June 14/24 ex-date and June 28/24 pay day.

Following today's trading, Magellan Aero has a market capitalization of $467.03 million on a float of 57,164 shares outstanding. Its annual EPS is $0.20.

Magellan Aero is a TSX Aerospace & Defense company headquartered in Mississauga, CAN.

Currently, Magellan Aero's consensus rating is "Strong Buy" based on 1 analysts according to Zacks. From those 1 analysts, 1 have buy ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..