MDA Space Ltd. (TSE:MDA) Director Sells C$2,911,632.50 in Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Stock Up 0.4 %

MDA stock traded up C$0.07 during mid-day trading on Tuesday, reaching C$16.82. 90,130 shares of the company traded hands, compared to its average volume of 245,847. MDA Space Ltd. has a fifty-two week low of C$10.65 and a fifty-two week high of C$16.97. The firm’s 50 day moving average price is C$14.54 and its 200 day moving average price is C$13.90. The stock has a market cap of C$2.02 billion, a price-to-earnings ratio of 44.08 and a beta of -0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The company had revenue of C$242.00 million for the quarter, compared to analysts’ expectations of C$221.34 million. As a group, equities research analysts predict that MDA Space Ltd. will post 0.9875297 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDA. Royal Bank of Canada lifted their target price on MDA Space from C$18.00 to C$20.00 in a report on Friday. Cormark boosted their price target on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Finally, Scotiabank raised their target price on MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, August 16th.

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.