Insider Selling: MDA Space (TSE:MDA) Insider Sells 1,500 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 1,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00. Following the completion of the sale, the insider directly owned 6,257 shares in the company, valued at approximately C$329,305.91. The trade was a 19.34% decrease in their ownership of the stock.

Guillaume Lavoie also recently made the following trade(s):

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The shares were sold at an average price of C$53.55, for a total transaction of C$21,152.25.
• On Friday, June 12th, Guillaume Lavoie sold 688 shares of MDA Space stock. The shares were sold at an average price of C$55.62, for a total value of C$38,266.56.

MDA Space Price Performance

Shares of MDA stock traded down C$4.85 during trading hours on Friday, hitting C$52.20. 1,578,701 shares of the company’s stock were exchanged, compared to its average volume of 1,173,380. The company has a market capitalization of C$7.24 billion, a PE ratio of 65.25 and a beta of -0.53. The business’s 50 day simple moving average is C$49.52 and its 200-day simple moving average is C$39.18. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. MDA Space Ltd. has a 12-month low of C$20.85 and a 12-month high of C$67.90.

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

Wall Street Analyst Weigh In

MDA has been the topic of a number of research analyst reports. Desjardins boosted their price target on MDA Space from C$55.00 to C$66.00 and gave the company a “buy” rating in a report on Monday. Scotia boosted their price target on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus boosted their price target on MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, June 4th. ATB Cormark Capital Markets downgraded MDA Space from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$53.00 to C$67.00 in a report on Friday, May 29th. Finally, Canaccord Genuity Group set a C$56.00 price target on MDA Space and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, MDA Space presently has an average rating of “Buy” and a consensus target price 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.