MDA (TSE:MDA) Sets New 52-Week High at $15.45

MDA Ltd. (TSE:MDA) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.45 and last traded at C$15.38, with a volume of 173240 shares trading hands. The stock had previously closed at C$15.07.

Analyst Ratings Changes

MDA has been the subject of several recent research reports. Scotiabank raised their price objective on shares of MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price target on MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets raised their price objective on shares of MDA from C$13.00 to C$15.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MDA has a consensus rating of “Moderate Buy” and a consensus price target of C$14.88.

MDA Price Performance

The stock has a market cap of C$1.83 billion, a price-to-earnings ratio of 38.23 and a beta of 0.12. The company’s 50 day moving average is C$14.54 and its 200 day moving average is C$12.74. The company has a debt-to-equity ratio of 49.31, a current ratio of 1.22 and a quick ratio of 1.00.

MDA (TSE:MDA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.18. The firm had revenue of C$205.00 million during the quarter, compared to analysts’ expectations of C$208.30 million. MDA had a return on equity of 4.73% and a net margin of 6.04%. Research analysts forecast that MDA Ltd. will post 0.6618445 earnings per share for the current fiscal year.

MDA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 30th. MDA’s payout ratio is 370.00%.

Insiders Place Their Bets

In other MDA news, Director John Carter Risley sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total value of C$1,500,660.00. 12.63% of the stock is owned by corporate insiders.

About MDA

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.