Magellan Aerospace (OTCMKTS:MALJF) Stock Price Up 6% – What’s Next?
by Renee Jackson · The Cerbat GemMagellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report)’s share price rose 6% on Friday . The stock traded as high as $14.1820 and last traded at $14.10. Approximately 4,731 shares changed hands during trading, an increase of 34% from the average daily volume of 3,524 shares. The stock had previously closed at $13.3050.
Wall Street Analysts Forecast Growth
Separately, TD Securities restated a “buy” rating on shares of Magellan Aerospace in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.
View Our Latest Analysis on MALJF
Magellan Aerospace Price Performance
The company has a fifty day moving average price of $12.58 and a 200-day moving average price of $12.45.
About Magellan Aerospace
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.