Brendan Paddick Sells 54,400 Shares of MDA Space (TSE:MDA) Stock

Key Points

• Brendan Paddick, a director at MDA Space Ltd., sold 54,400 shares at an average price of C$45.09, totaling approximately C$2.45 million, reducing his ownership by 4.40% to 1,181,953 shares.
• MDA Space's current stock price is C$32.86, with trading activity significantly higher than its average volume, and the stock has a market cap of C$4.10 billion.
• Several analysts have revised their price targets for MDA Space, now ranging from C$38.44 to C$47.00, while maintaining a consensus "Buy" rating on the stock.

MDA Space Ltd. (TSE:MDA - Get Free Report) Director Brendan Paddick sold 54,400 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of C$45.09, for a total transaction of C$2,452,727.36. Following the sale, the director directly owned 1,181,953 shares in the company, valued at C$53,290,596.72. This represents a 4.40% decrease in their ownership of the stock.

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

• On Tuesday, August 26th, Brendan Paddick sold 45,600 shares of MDA Space stock. The stock was sold at an average price of C$47.02, for a total transaction of C$2,143,929.60.

MDA Space Trading Down 0.3%

Shares of MDA stock traded down C$0.09 during trading hours on Friday, hitting C$30.80. 963,072 shares of the company were exchanged, compared to its average volume of 557,736. The firm has a market cap of C$3.85 billion, a PE ratio of 34.22 and a beta of -0.63. MDA Space Ltd. has a 1 year low of C$15.53 and a 1 year high of C$48.31. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The firm has a fifty day moving average of C$41.56 and a 200 day moving average of C$32.37.

Wall Street Analysts Forecast Growth

MDA has been the topic of several recent analyst reports. Scotiabank cut their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Canaccord Genuity Group cut their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday, September 9th. Royal Bank Of Canada cut their price target on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. BMO Capital Markets cut their price target on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Finally, Desjardins cut their price target on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating on the stock in a report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MDA Space currently has a consensus rating of "Buy" and a consensus target price of C$38.44.

About MDA Space

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.