Closing Bell: Magellan Aero up on Monday (MAL)

In market activity today, Magellan Aero shares closed at $8.08 after opening the day at $7.99. It traded at a low of $7.80 to a high of $8.16.

Shares advanced 1.38 percent from the previous day's close of $7.97.

During the day across North America, the TSX Composite closed 0.27% at 22167.03, the S&P 500 closed 0.11% at 5254.35, the Dow Jones Industrial Average closed 0.12% at 39807.37 and the Nasdaq Composite closed -0.12% at 16379.46.

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

A total of 3,148 shares was traded during the session, with total trades of 30, with an average volume of 8,418 in the last five days.

The TSX overall saw 1,761 price advancers against 3,499 declines and 110 unchanged.

During the prior 52 weeks, MAL.TO has traded as high as $8.67 (March 14,2024) and low as $6.76 (April 21,2023). Moreover, in the last 12 months, Magellan Aero's shares have advanced 7.73 percent, while they have raised 2.93% since the start of 2024.

It announced a 0.03 dividend on March 01/24, with an March 14/24 ex-date and March 28/24 pay day.

Following today's trading, Magellan Aero has a market capitalization of $455.72 million on a float of 57,180 shares outstanding. Its annual EPS is $0.16.

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.

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