MDA Space (TSE:MDA) Insider Sells C$2,375,550.00 in Stock

MDA Space Ltd. (TSE:MDA) insider Holly Lynn Johnson sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$52.79, for a total value of C$2,375,550.00. Following the completion of the transaction, the insider owned 60,331 shares of the company’s stock, valued at approximately C$3,184,873.49. This represents a 42.72% decrease in their position.

MDA Space Stock Up 7.2%

TSE MDA traded up C$3.77 on Thursday, reaching C$56.40. The company had a trading volume of 674,254 shares, compared to its average volume of 1,166,950. The firm has a market capitalization of C$7.83 billion, a PE ratio of 70.50 and a beta of -0.53. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. The firm has a 50-day moving average of C$49.08 and a 200-day moving average of C$38.94. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. On average, equities research analysts anticipate that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on MDA shares. Stifel Nicolaus increased their target price on MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Canaccord Genuity Group set a C$56.00 price objective on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Scotia raised their price objective on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. ATB Cormark Capital Markets cut MDA Space from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$53.00 to C$67.00 in a research note on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the stock an “outperformer” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$57.40.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.