Closing Bell: Magellan Aero up on Wednesday (MAL)

In today's trading, Magellan Aero shares closed at $8.85 after opening the day at $8.72. It traded at a low of $8.65 to a high of $8.85.

Share prices climbed 1.37 percent from the previous day's close of $8.73.

During the day across North America, the TSX Composite closed -0.76% at 22639.57, the S&P 500 closed -0.16% at 5555.74, the Dow Jones Industrial Average closed -0.14% at 40358.09 and the Nasdaq Composite closed -0.06% at 17997.35.

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

Trading volume was 5,510 on 25 total trades. On average, Magellan Aero has traded 4,513 shares over the last 5-days and 7,935 year-to-date.

The TSX market on the whole today saw 1,249 price advancers against 3,959 declines and 110 unchanged.

During the prior 52 weeks, MAL.TO has traded as high as $8.85 (July 24,2024) and low as $7.02 (September 18,2023). Moreover, in the last 12 months, Magellan Aero's shares have boosted 6.88 percent, while in 2024, they have advanced 12.74%.

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 $499.04 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.

Magellan Aero is holding an average recommendation of "Strong Buy" from 1.00 analysts according to Zacks. Currently, there are 1 buy ratings for the stock.

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