MDA Space (TSE:MDA) Director Michael Philip James Greenley Sells 1,009,300 Shares

MDA Space Ltd. (TSE:MDA) Director Michael Philip James Greenley sold 1,009,300 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of C$45.00, for a total value of C$45,418,500.00. Following the completion of the sale, the director owned 117,037 shares of the company’s stock, valued at approximately C$5,266,665. This trade represents a 89.61% decrease in their position.

MDA Space Price Performance

MDA stock opened at C$32.61 on Wednesday. MDA Space Ltd. has a 1 year low of C$16.20 and a 1 year high of C$48.31. The stock has a 50-day simple moving average of C$41.33 and a 200-day simple moving average of C$32.50. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The firm has a market cap of C$4.07 billion, a P/E ratio of 36.23 and a beta of -0.63.

Analysts Set New Price Targets

A number of brokerages have weighed in on MDA. Canaccord Genuity Group lowered their price objective on MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. BMO Capital Markets lowered their price objective on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Scotiabank lowered their price objective on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Desjardins lowered their price objective on MDA Space from C$56.00 to C$43.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada reduced their target price on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$38.44.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.