Closing Bell: Magellan Aero down on Wednesday (MAL)

In market activity today, Magellan Aero shares opened at $8.82 and closed at $8.53. It traded at a low of $8.53 to a high of $8.82.

Share prices dipped -1.73% from the previous day's close of $8.68.

Today across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

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

A total of 3,755 shares was traded during the session, with total trades of 19, while having an average volume of 9,363 over 5 days.

Trading across the entire TSX saw 1,858 price advancers against 3,319 declines and 108 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 boosted 9.92 percent in the last 12 months, while in 2024, they have advanced 8.66%.

It announced a 0.03 dividend on August 02/24, with an September 16/24 ex-date and September 30/24 pay day.

Following today's trading, Magellan Aero has a market capitalization of $496.18 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..