John Carter Risley Sells 75,700 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director John Carter Risley sold 75,700 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the transaction, the director owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. The trade was a 19.44% decrease in their position.

John Carter Risley also recently made the following trade(s):

• On Tuesday, December 23rd, John Carter Risley sold 24,300 shares of MDA Space stock. The stock was sold at an average price of C$27.08, for a total transaction of C$658,044.00.

MDA Space Price Performance

TSE MDA traded up C$0.14 during mid-day trading on Friday, hitting C$36.70. The stock had a trading volume of 1,110,821 shares, compared to its average volume of 1,138,644. MDA Space Ltd. has a 52-week low of C$19.96 and a 52-week high of C$48.31. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The company has a 50 day simple moving average of C$27.12 and a 200 day simple moving average of C$33.57. The company has a market cap of C$4.63 billion, a price-to-earnings ratio of 43.18 and a beta of -1.15.

MDA Space (TSE:MDA) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.35 EPS for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The business had revenue of C$409.80 million for the quarter. Equities analysts forecast that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analysts Set New Price Targets

MDA has been the topic of a number of recent analyst reports. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from C$32.00 to C$46.00 in a research report on Friday, January 16th. Royal Bank Of Canada reduced their price target on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Stifel Nicolaus set a C$48.00 target price on MDA Space and gave the company a “buy” rating in a report on Wednesday, October 8th. Scotiabank boosted their price objective on shares of MDA Space from C$38.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of MDA Space from C$36.00 to C$32.00 in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$40.75.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.