Minda Marie Suchan Sells 40,000 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Minda Marie Suchan sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$53.22, for a total transaction of C$2,128,800.00. Following the completion of the transaction, the insider directly owned 49,784 shares in the company, valued at approximately C$2,649,504.48. The trade was a 44.55% decrease in their position.

MDA Space Price Performance

MDA traded up C$3.77 during trading on Thursday, reaching C$56.40. The stock had a trading volume of 674,254 shares, compared to its average volume of 1,166,950. The stock has a market cap of C$7.83 billion, a PE ratio of 70.50 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80. MDA Space Ltd. has a one year low of C$20.85 and a one year high of C$67.90. The business has a 50-day moving average of C$49.08 and a 200-day moving average of C$38.94.

MDA Space (TSE:MDA) last released its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. The business had revenue of C$464.10 million for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. As a group, equities research analysts anticipate that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. ATB Cormark Capital Markets cut MDA Space from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$53.00 to C$67.00 in a research note on Friday, May 29th. Scotiabank raised MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Scotia raised their price objective on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the company an “outperformer” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley raised their price objective on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$57.40.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.