MDA (OTC:MDALF) Shares Down 6.1% – Should You Sell?

Shares of MDA Ltd. (OTC:MDALF) dropped 6.1% on Thursday . The stock traded as low as C$25.03 and last traded at C$25.57. Approximately 145,578 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 87,091 shares. The stock had previously closed at C$27.24.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDALF. BMO Capital Markets reissued an “outperform” rating on shares of MDA in a research note on Wednesday, January 28th. Morgan Stanley upgraded MDA to an “overweight” rating in a report on Friday, January 16th. Finally, Scotiabank reissued an “outperform” rating on shares of MDA in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

MDA Trading Down 1.1%

The stock has a fifty day simple moving average of C$21.89 and a 200-day simple moving average of C$24.11.

MDA Company Profile

MDA Space 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.