Closing Bell: Magellan Aero up on Monday (MAL)

Today in trading, Magellan Aero shares opened at $8.50 and closed at $8.65. Intraday prices ranged from a low of $8.50 to a high of $8.67.

Shares advanced 1.76% from the previous day's close of $8.50.

During the day across North America, the TSX Composite closed 0.80% at 22872.65, the S&P 500 closed -0.71% at 5505.00, the Dow Jones Industrial Average closed -0.93% at 40287.53 and the Nasdaq Composite closed -0.81% at 17726.94.

Magellan Aero traded under MAL on the Toronto Stock Exchange (TSX).

Trading volume was 4,971 on 25 total trades, with an average volume of 6,294 over the last 5 days.

The TSX market on the whole today saw 3,734 price advancers against 1,480 declines and 101 unchanged.

During the prior 52 weeks, MAL.TO has traded as high as $8.67 (July 22,2024) and low as $7.02 (September 18,2023). Moreover, in the last 12 months, Magellan Aero's shares have gained 4.22 percent, while this year, they have advanced 10.19%.

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 $485.89 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. Currently, there are 1 buy ratings for the stock.

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..