Janet Marie Mceachern Sells 1,420 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Senior Officer Janet Marie Mceachern sold 1,420 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$16.00, for a total value of C$22,720.00.

MDA Space Stock Up 0.7 %

MDA Space stock opened at C$19.94 on Wednesday. MDA Space Ltd. has a fifty-two week low of C$10.65 and a fifty-two week high of C$20.30. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of C$2.39 billion, a P/E ratio of 52.26 and a beta of -0.02. The stock has a 50-day simple moving average of C$15.45 and a 200-day simple moving average of C$14.12.

MDA Space (TSE:MDA) last posted its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The business had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million. Equities research analysts expect that MDA Space Ltd. will post 0.9757646 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MDA. Cormark boosted their target price on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Royal Bank of Canada upped their price objective on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group upped their price objective on MDA Space from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Scotiabank upped their price objective on MDA Space from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, MDA Space currently has a consensus rating of “Moderate Buy” and an average price target of C$18.63.

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.