Maxar Technologies Inc (NYSE:MAXR)’s share price dropped 6.1% during trading on Friday . The company traded as low as $6.56 and last traded at $6.59, approximately 957,548 shares changed hands during trading. A decline of 47% from the average daily volume of 1,809,228 shares. The stock had previously closed at $7.02.

MAXR has been the subject of a number of research reports. National Bank Financial upped their price objective on Maxar Technologies from $7.00 to $8.50 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Credit Suisse Group set a $5.00 price objective on Maxar Technologies and gave the company a “sell” rating in a research report on Monday, July 15th. ValuEngine upgraded Maxar Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. BMO Capital Markets set a $8.00 price target on Maxar Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Raymond James restated an “outperform” rating and issued a $20.00 price target on shares of Maxar Technologies in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.67.

The company has a debt-to-equity ratio of 4.28, a current ratio of 0.97 and a quick ratio of 0.94. The business has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $6.48. The firm has a market cap of $405.26 million, a PE ratio of -2.27 and a beta of 0.65.

Maxar Technologies (NYSE:MAXR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. The firm had revenue of $490.00 million during the quarter, compared to analyst estimates of $519.36 million. Maxar Technologies had a negative return on equity of 7.35% and a negative net margin of 64.83%. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.70) earnings per share. On average, equities analysts forecast that Maxar Technologies Inc will post -1.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 12th. Maxar Technologies’s dividend payout ratio (DPR) is -1.38%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAXR. Bank of America Corp DE boosted its stake in shares of Maxar Technologies by 22.2% in the fourth quarter. Bank of America Corp DE now owns 80,730 shares of the company’s stock worth $966,000 after acquiring an additional 14,650 shares during the period. Legal & General Group Plc increased its holdings in shares of Maxar Technologies by 6.8% in the 4th quarter. Legal & General Group Plc now owns 31,423 shares of the company’s stock valued at $375,000 after acquiring an additional 2,014 shares during the period. Norges Bank purchased a new position in shares of Maxar Technologies in the 4th quarter valued at $5,915,000. Deutsche Bank AG increased its holdings in shares of Maxar Technologies by 116.0% in the 4th quarter. Deutsche Bank AG now owns 320,860 shares of the company’s stock valued at $3,836,000 after acquiring an additional 172,323 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Maxar Technologies in the 1st quarter valued at $140,000. 72.66% of the stock is owned by hedge funds and other institutional investors.

About Maxar Technologies (NYSE:MAXR)

Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

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