MDA (OTC:MDALF) Trading Up 0.7% – Should You Buy?

MDA Ltd. (OTC:MDALF) shares traded up 0.7% during trading on Friday . The company traded as high as C$29.00 and last traded at C$29.00. 68,351 shares were traded during mid-day trading, a decline of 12% from the average session volume of 77,745 shares. The stock had previously closed at C$28.79.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of MDA in a report on Wednesday, January 28th. Scotiabank reaffirmed an “outperform” rating on shares of MDA in a research report on Wednesday, January 21st. Finally, Morgan Stanley upgraded MDA to an “overweight” rating in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, MDA has an average rating of “Buy”.

MDA Stock Up 0.7%

The company has a 50 day simple moving average of C$24.68 and a 200-day simple moving average of C$23.75.

About MDA

MDA Space Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.