Closing Bell: Magellan Aero down on Wednesday (MAL)

In trading today, shares of Magellan Aero opened at $7.92 and closed at $8.04. prices ranged from a low of $7.92 to a high of $8.10.

Share prices decreased -2.19% from the previous day's close of $8.22.

During the day across North America, the TSX Composite closed 1.40% at 22350.23, the S&P 500 closed 0.07% at 5576.98, the Dow Jones Industrial Average closed -0.13% at 39291.97 and the Nasdaq Composite closed 0.14% at 18429.29.

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

Trading volume was 7,543 on 21 total trades, with an average volume of 5,073 over the last 5 days.

The TSX market on the whole today saw 3,274 price advancers against 1,962 declines and 102 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 12 months, Magellan Aero's shares have decreased -1.95 percent, while this year, they have gained 2.42%.

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 $469.89 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. 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..