Closing Bell: Magellan Aero down on Monday (MAL)

Magellan Aero opened trading today at $8.25 and closed at $8.17. prices ranged from $8.13 to $8.43.

Shares eased -0.97% from the previous day's close of $8.25.

Today across North America, the TSX Composite closed 0.57% at 22673.52, the S&P 500 closed 0.55% at 5615.35, the Dow Jones Industrial Average closed 0.62% at 40000.90 and the Nasdaq Composite closed 0.63% at 18398.45.

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

A total of 21,388 shares was traded during the last trading day, with total trades of 67, while having an average volume of 8,741 in the last five days.

Trading across the entire TSX saw 3,258 price advancers against 1,978 declines and 100 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, the shares have dipped -0.37 percent in the last 12 months, while they have boosted 4.08% 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 $471.60 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..