MDA Space (TSE:MDA) Insider Sells C$1,676,189.40 in Stock

MDA Space Ltd. (TSE:MDA) insider Luigi Pozzebon sold 31,686 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total transaction of C$1,676,189.40.

MDA Space Trading Up 0.3%

MDA traded up C$0.17 on Tuesday, hitting C$53.55. The company had a trading volume of 928,668 shares, compared to its average volume of 1,177,653. The firm has a market cap of C$7.43 billion, a P/E ratio of 66.94 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 fifty day moving average price is C$50.15 and its 200 day moving average price is C$39.60. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA) last issued 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 net margin of 6.02% and a return on equity of 7.24%. The firm had revenue of C$464.10 million for the quarter. As a group, equities analysts expect that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on MDA shares. Scotiabank upgraded MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Desjardins upped their target price on shares of MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Canaccord Genuity Group set a C$56.00 target price on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a C$57.00 target price on shares of MDA Space and gave the stock an “outperformer” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley lifted their target price on MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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.