Magellan Aerospace (OTCMKTS:MALJF) Shares Down 2.5%

Shares of Magellan Aerospace Co. (OTCMKTS:MALJFGet Rating) fell 2.5% on Thursday . The stock traded as low as $5.78 and last traded at $5.80. 1,000 shares traded hands during trading, a decline of 46% from the average session volume of 1,837 shares. The stock had previously closed at $5.95.

Separately, TD Securities reduced their price objective on Magellan Aerospace from C$11.00 to C$10.50 in a research report on Wednesday, May 11th.

The firm has a 50-day moving average of $6.57 and a 200 day moving average of $7.34.

Magellan Aerospace Company Profile (OTCMKTS:MALJF)

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, cases, bypass ducts, engine shafts, engine processes, engine materials, metallic honeycomb, filament winding, compressor components, turbine components, and afterburner components, as well as small and large wing components, landing gear, horizontal and vertical stabilizers, and nacelle exhaust systems.

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