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 MDA Space stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$47.02, for a total transaction of C$2,143,929.60. Following the completion of the sale, the director owned 1,136,353 shares of the company's stock, valued at approximately C$53,426,772.65. This trade represents a 3.86% decrease in their position.

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

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

MDA Space Stock Down 0.3%

Shares of TSE:MDA traded down C$0.09 during midday trading on Friday, reaching C$30.80. The company had a trading volume of 963,072 shares, compared to its average volume of 557,736. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The stock's fifty day moving average price is C$41.56 and its 200-day moving average price is C$32.37. The stock 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 one year low of C$15.53 and a one year high of C$48.31.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MDA. Royal Bank Of Canada lowered their target price 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, September 9th. Canaccord Genuity Group lowered their target price on shares of MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. BMO Capital Markets lowered their target price on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Scotiabank reduced their price target on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a report on Tuesday, September 9th. Finally, Desjardins reduced their price target on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.