MDA (OTC:MDALF) Shares Down 6.1% – Time to Sell?

MDA Ltd. (OTC:MDALF) dropped 6.1% during mid-day trading on Thursday . The stock traded as low as C$25.03 and last traded at C$25.57. Approximately 145,578 shares changed hands during trading, an increase of 67% from the average daily volume of 87,091 shares. The stock had previously closed at C$27.24.

Analysts Set New Price Targets

Several research firms have recently commented on MDALF. Scotiabank reiterated an “outperform” rating on shares of MDA in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of MDA in a research note on Wednesday, January 28th. Finally, Morgan Stanley upgraded MDA to an “overweight” rating in a research report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

MDA Stock Down 6.1%

The company has a 50 day moving average of C$21.73 and a 200-day moving average of C$24.16.

About MDA

MDA Space 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.