Closing Bell: Magellan Aero down on Friday (MAL)

In market activity today, shares of Magellan Aero opened at $9.26 and closed at $8.78. prices ranged from a low of $8.60 to a high of $9.26.

The price reduced -5.49% from the previous day's close of $9.29.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.37% at 5446.68, the Dow Jones Industrial Average closed -1.21% at 40347.97 and the Nasdaq Composite closed -2.30% at 17194.15.

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

Trading volume was 8,334 on 41 total trades. On average, Magellan Aero has traded 8,361 shares in the last five days and 8,013 year-to-date.

The TSX overall saw 741 price advancers against 4,512 declines and 69 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 gained 12.71 percent in the last 52 weeks, while this year, they have boosted 11.85%.

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 $531.05 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..