Alberta Investment Management Corp lessened its holdings in shares of MDA Space Ltd. (NYSE:MDA - Free Report) by 83.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 36,766 shares of the company's stock after selling 189,139 shares during the period. Alberta Investment Management Corp's holdings in MDA Space were worth $1,518,000 at the end of the most recent reporting period.
Separately, SCS Capital Management LLC acquired a new position in shares of MDA Space during the second quarter worth approximately $1,003,000.
MDA Space Stock Up 0.2%
MDA Space stock opened at $35.27 on Tuesday. The firm has a 50 day moving average price of $35.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.75. MDA Space Ltd. has a 12 month low of $23.23 and a 12 month high of $49.37. The firm has a market cap of $5.72 billion and a PE ratio of 65.31.
MDA Space (NYSE:MDA - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $360.18 million for the quarter, compared to analyst estimates of $321.87 million. MDA Space had a return on equity of 9.42% and a net margin of 5.68%. On average, analysts expect that MDA Space Ltd. will post 0.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
MDA has been the subject of several research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of MDA Space in a research report on Monday. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of MDA Space in a research report on Monday, June 22nd. Weiss Ratings upgraded shares of MDA Space from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. ATB Cormark Capital Markets downgraded shares of MDA Space from a "moderate buy" rating to a "hold" rating in a report on Friday, May 29th. Finally, Scotiabank restated an "outperform" rating on shares of MDA Space in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.25.
Check Out Our Latest Analysis on MDA Space
MDA Space Company Profile
(
Free Report)
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider MDA Space, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MDA Space wasn't on the list.
While MDA Space currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
