MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley Sells 290,600 Shares

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00.

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

• On Thursday, December 12th, Michael Philip Greenley sold 9,700 shares of MDA Space stock. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00.
• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50.

MDA Space Trading Down 1.8 %

Shares of MDA opened at C$28.15 on Thursday. The firm’s 50 day simple moving average is C$24.81 and its 200 day simple moving average is C$17.83. The company has a market capitalization of C$3.38 billion, a P/E ratio of 74.08 and a beta of 0.02. MDA Space Ltd. has a 1-year low of C$10.65 and a 1-year high of C$29.98. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Ratings Changes

MDA has been the topic of a number of analyst reports. Canaccord Genuity Group boosted their price objective on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Cormark increased their price target on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Scotiabank increased their target price on shares of 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. Finally, BMO Capital Markets upgraded shares of 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 research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$31.50.

About MDA Space

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.