Closing Bell: Magellan Aero down on Friday (MAL)

In trading today, shares of Magellan Aero opened at $9.26 and closed at $8.78. It traded at a low of $8.60 to a high of $9.26.

Share prices eased -5.49 percent 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 -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

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

Trading volume was 8,334 on 41 total trades, while having an average volume of 8,361 over the last 5-days.

The TSX market on the whole today saw 432 price advancers against 4,843 declines and 43 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 advanced 12.71 percent in the last year, while in 2024, they have advanced 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 $501.90 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. Currently, there are 1 buy ratings for the stock.

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..