Brendan Paddick Sells 45,600 Shares of MDA Space (TSE:MDA) Stock

Key Points

• Brendan Paddick, a director at MDA Space Ltd., sold 45,600 shares at an average price of C$47.02, totaling approximately C$2.14 million, reducing his ownership by 3.86%.
• The stock has seen a decrease, trading down 0.4% to C$32.86, with analysts reducing their target prices, indicating potential growth concerns.
• MDA Space Ltd. holds a market capitalization of C$4.10 billion and has an average rating of "Buy" among analysts, with a current average price target of C$38.44.

MDA Space Ltd. (TSE:MDA - Get Free Report) Director Brendan Paddick sold 45,600 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$47.02, for a total value of C$2,143,929.60. Following the completion of the transaction, the director owned 1,136,353 shares of the company's stock, valued at C$53,426,772.65. This represents a 3.86% decrease in their ownership of the stock.

Brendan Paddick also recently made the following trade(s):

• On Monday, August 25th, Brendan Paddick sold 54,400 shares of MDA Space stock. The shares were sold at an average price of C$45.09, for a total value of C$2,452,727.36.

MDA Space Trading Down 0.3%

Shares of MDA Space stock traded down C$0.09 on Friday, hitting C$30.80. The stock had a trading volume of 963,072 shares, compared to its average volume of 557,736. The stock has a 50 day moving average of C$41.56 and a 200 day moving average of C$32.32. The firm has a market capitalization of C$3.85 billion, a P/E ratio of 34.22 and a beta of -0.63. MDA Space Ltd. has a twelve month low of C$15.53 and a twelve month high of C$48.31. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating for the company in a research note on Tuesday. Canaccord Genuity Group decreased their price objective on MDA Space from C$54.00 to C$47.00 in a report on Tuesday. BMO Capital Markets cut their target price on MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a report on Tuesday. Desjardins reduced their price target on MDA Space from C$56.00 to C$43.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Scotiabank decreased their price target on MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$38.44.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.