MDA Space Ltd. (TSE:MDA) Director John Carter Risley Sells 61,000 Shares

MDA Space Ltd. (TSE:MDA) Director John Carter Risley sold 61,000 shares of MDA Space stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00.

MDA Space Stock Up 0.0 %

MDA stock opened at C$28.97 on Thursday. The stock has a market capitalization of C$3.48 billion, a P/E ratio of 76.24 and a beta of 0.02. The business has a 50-day moving average of C$25.46 and a 200-day moving average of C$18.30. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space Ltd. has a fifty-two week low of C$10.65 and a fifty-two week high of C$29.98.

Analyst Ratings Changes

MDA has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Desjardins raised MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Canaccord Genuity Group lifted their price objective on MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Finally, Scotiabank lifted their price target on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$31.50.

MDA Space Company Profile

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.