Insider Selling: MDA Space Ltd. (TSE:MDA) Director Sells 9,700 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$28.60, for a total value of C$277,420.00.

Michael Philip Greenley also recently made the following trade(s):

• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Stock Up 0.4 %

MDA Space stock traded up C$0.11 during trading hours on Friday, hitting C$28.50. 322,883 shares of the stock traded hands, compared to its average volume of 279,157. 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’s 50-day moving average price is C$24.04 and its two-hundred day moving average price is C$17.38. MDA Space Ltd. has a one year low of C$10.65 and a one year high of C$29.98. The company has a market cap of C$3.42 billion, a PE ratio of 74.92 and a beta of 0.02.

Analysts Set New Price Targets

MDA has been the topic of a number of research analyst reports. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Cormark boosted their price target on MDA Space from C$31.00 to C$38.00 in a report on Wednesday. Canaccord Genuity Group lifted their price objective on MDA Space from C$30.00 to C$34.00 in a research report on Friday. Royal Bank of Canada lifted their price objective on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.