Guillaume Lavoie Acquires 1,220 Shares of MDA Space (TSE:MDA) Stock

Key Points

• Guillaume Lavoie, an insider at MDA Space, acquired 1,220 shares of the company at an average cost of C$33.91, which increased his total holdings by 36.51% to 4,562 shares.
• MDA Space's stock price dropped to C$32.80, despite having a market cap of C$4.10 billion and a 1-year price range between C$14.99 and C$48.31.
• Research firms, including Desjardins and BMO Capital Markets, have adjusted their price targets for MDA Space, with a consensus average target price of C$38.44 and a majority rating of "Buy."

MDA Space Ltd. (TSE:MDA - Get Free Report) insider Guillaume Lavoie bought 1,220 shares of MDA Space stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of C$33.91 per share, with a total value of C$41,370.20. Following the acquisition, the insider owned 4,562 shares in the company, valued at approximately C$154,697.42. This represents a 36.51% increase in their position.

MDA Space Stock Performance

Shares of MDA stock traded down C$0.19 on Tuesday, reaching C$32.80. The stock had a trading volume of 2,154,785 shares, compared to its average volume of 535,654. The stock has a market cap of C$4.10 billion, a P/E ratio of 36.44 and a beta of -0.63. MDA Space Ltd. has a 1 year low of C$14.99 and a 1 year 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. The company has a 50 day simple moving average of C$41.93 and a 200 day simple moving average of C$32.22.

Analysts Set New Price Targets

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.