Magellan Aerospace (OTCMKTS:MALJF) Shares Down 1.3%

Magellan Aerospace Co. (OTCMKTS:MALJFGet Free Report)’s share price fell 1.3% on Monday . The stock traded as low as $6.01 and last traded at $6.04. 700 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,403 shares. The stock had previously closed at $6.12.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their target price on shares of Magellan Aerospace from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th.

Get Our Latest Stock Report on MALJF

Magellan Aerospace Stock Down 1.3 %

The firm’s 50-day moving average price is $5.89 and its two-hundred day moving average price is $5.85.

About Magellan Aerospace

(Get Free Report)

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.

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