Closing Bell: Magellan Aero down on Thursday (MAL)

Magellan Aero opened trading today at $9.40 and closed at $9.29. Intraday prices ranged from $9.20 to $9.41.

Share prices decreased -2.42 percent from the previous day's close of $9.52.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

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

Trading volume was 5,701 on 18 total trades, while having an average volume of 7,608 in the last five days.

Trading across the entire TSX saw 907 price advancers against 4,327 declines and 72 unchanged.

During the prior 52 weeks, MAL.TO has traded as high as $9.55 (July 31,2024) and low as $7.02 (September 18,2023). Moreover, the shares have advanced 15.40 percent in the last year, while they have raised 18.34% since the start of 2024.

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 $544.20 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.

Based on 1.00 analysts, Magellan Aero gets an average recommendation of "Strong Buy" 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..