MDA Space (TSE:MDA) Stock Price Down 8.8% – What’s Next?

MDA Space Ltd. (TSE:MDA) shares fell 8.8% during trading on Tuesday . The stock traded as low as C$40.52 and last traded at C$40.83. 741,133 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 1,069,618 shares. The stock had previously closed at C$44.76.

Analyst Upgrades and Downgrades

MDA has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Desjardins lifted their price target on MDA Space from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. ATB Cormark Capital Markets lowered their price objective on MDA Space from C$61.00 to C$46.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets increased their price objective on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group raised their target price on shares of MDA Space from C$37.00 to C$51.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$47.88.

MDA Space Trading Down 3.6%

The firm has a market cap of C$5.05 billion, a P/E ratio of 44.11 and a beta of -1.20. The firm’s fifty day moving average is C$39.14 and its two-hundred day moving average is C$32.56. The company has a quick ratio of 1.00, a current ratio of 0.47 and a debt-to-equity ratio of 30.34.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$499.10 million during the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. Analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.