Insider Selling: MDA Space Ltd. (TSE:MDA) Director Sells 61,000 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director John Carter Risley sold 61,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total transaction of C$1,711,660.00.

MDA Space Trading Up 0.0 %

Shares of MDA stock opened at C$28.97 on Wednesday. The company has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 76.24 and a beta of 0.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The firm has a 50-day moving average price of C$25.30 and a 200 day moving average price of C$18.22. MDA Space Ltd. has a twelve month low of C$10.65 and a twelve month high of C$29.98.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Scotiabank lifted their price target on MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Ci Capital increased their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Royal Bank of Canada lifted their target price on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$31.50.

MDA Space Company Profile

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.