MDA Space Ltd. (TSE:MDA) Director Brendan Paddick Purchases 85,000 Shares

MDA Space Ltd. (TSE:MDA) Director Brendan Paddick acquired 85,000 shares of MDA Space stock in a transaction dated Thursday, June 20th. The stock was purchased at an average price of C$11.96 per share, with a total value of C$1,016,600.00.

MDA Space Trading Up 1.4 %

Shares of MDA stock opened at C$11.96 on Friday. The company has a debt-to-equity ratio of 52.23, a quick ratio of 1.00 and a current ratio of 1.29. The firm has a fifty day moving average of C$13.22 and a 200-day moving average of C$12.94. MDA Space Ltd. has a 52-week low of C$7.72 and a 52-week high of C$15.45. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 31.47 and a beta of 0.14.

MDA Space (TSE:MDA) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.01. MDA Space had a return on equity of 4.41% and a net margin of 5.71%. The company had revenue of C$209.10 million for the quarter, compared to the consensus estimate of C$210.35 million. On average, equities research analysts forecast that MDA Space Ltd. will post 0.5601118 earnings per share for the current fiscal year.

MDA Space Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. MDA Space’s payout ratio is presently 389.47%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDA. BMO Capital Markets boosted their price objective on shares of MDA Space from C$13.00 to C$15.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Scotiabank lifted their target price on MDA Space from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price target on MDA Space from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th.

About MDA Space

MDA 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.