MDA Space Ltd. (TSE:MDA) Director Sells C$8,296,630.00 in Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$28.55, for a total transaction of C$8,296,630.00.

Michael Philip Greenley also recently made the following trade(s):

• On Thursday, December 12th, Michael Philip Greenley sold 9,700 shares of MDA Space stock. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00.
• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Price Performance

TSE MDA traded down C$0.23 on Wednesday, reaching C$28.44. The company’s stock had a trading volume of 50,545 shares, compared to its average volume of 279,428. The firm’s 50 day moving average is C$24.64 and its two-hundred day moving average is C$17.72. The stock has a market cap of C$3.41 billion, a PE ratio of 75.45 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. MDA Space Ltd. has a twelve month low of C$10.65 and a twelve month high of C$29.98.

Analysts Set New Price Targets

Several research firms have weighed in on MDA. Canaccord Genuity Group boosted their target price on shares of MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Royal Bank of Canada lifted their price target on shares of MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Cormark increased their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus 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.