MDA Space (TSE:MDA) Insider Guillaume Lavoie Sells 688 Shares

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 688 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total value of C$38,266.56. Following the completion of the sale, the insider owned 5,569 shares in the company, valued at C$309,747.78. This represents a 11.00% decrease in their position.

Guillaume Lavoie also recently made the following trade(s):

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The shares were sold at an average price of C$53.55, for a total value of C$21,152.25.
• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The shares were sold at an average price of C$52.63, for a total value of C$78,945.00.

MDA Space Trading Down 8.5%

Shares of MDA stock traded down C$4.85 on Friday, hitting C$52.20. The stock had a trading volume of 1,578,701 shares, compared to its average volume of 1,173,380. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The firm has a market capitalization of C$7.24 billion, a P/E ratio of 65.25 and a beta of -0.53. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. The company’s 50 day moving average price is C$49.52 and its 200-day moving average price is C$39.18.

MDA Space (TSE:MDA) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million for the quarter. Analysts anticipate that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analysts Set New Price Targets

MDA has been the topic of several recent research reports. Desjardins upped their price target on MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a report on Monday. Canadian Imperial Bank of Commerce set a C$57.00 price target on MDA Space and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Stifel Nicolaus upped their price target on MDA Space from C$57.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. BMO Capital Markets increased their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Finally, Scotia increased their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MDA Space has an average rating of “Buy” and an average price target of C$57.40.

About MDA Space

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.