MDA Space (TSE:MDA) Insider Sells C$2,375,550.00 in Stock

MDA Space Ltd. (TSE:MDA) insider Holly Lynn Johnson sold 45,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$52.79, for a total value of C$2,375,550.00. Following the sale, the insider owned 60,331 shares of the company’s stock, valued at C$3,184,873.49. This trade represents a 42.72% decrease in their ownership of the stock.

MDA Space Trading Down 8.6%

Shares of TSE MDA opened at C$52.16 on Friday. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The stock has a market capitalization of C$7.24 billion, a P/E ratio of 65.20 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 business has a fifty day moving average price of C$49.84 and a 200 day moving average price of C$39.28.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Equities research analysts expect that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on MDA shares. BMO Capital Markets increased their price target on MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Scotia increased their price target on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. Stifel Nicolaus increased their price target on MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$57.40.

MDA Space Company Profile

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.