Insider Selling: MDA Space (TSE:MDA) Insider Sells C$1,676,189.40 in Stock

MDA Space Ltd. (TSE:MDA) insider Luigi Pozzebon sold 31,686 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total transaction of C$1,676,189.40.

MDA Space Stock Performance

MDA stock opened at C$55.61 on Friday. The firm has a 50 day simple moving average of C$51.05 and a 200 day simple moving average of C$40.24. MDA Space Ltd. has a 52 week low of C$20.85 and a 52 week high of C$67.90. The stock has a market cap of C$7.72 billion, a P/E ratio of 69.51 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MDA shares. BMO Capital Markets upped their price target on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Desjardins lifted their price objective on MDA Space from C$55.00 to C$66.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Scotia boosted their target price on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. Scotiabank raised MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MDA Space presently has an average rating of “Buy” and an average target price of C$57.40.

About MDA Space

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.