MDA Space (TSE:MDA) Insider Buys C$41,370.20 in 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 purchased 1,220 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of C$33.91 per share, with a total value of C$41,370.20. Following the completion of the purchase, the insider owned 4,562 shares of the company's stock, valued at C$154,697.42. This trade represents a 36.51% increase in their position.

MDA Space Price Performance

TSE MDA traded down C$0.09 on Friday, hitting C$30.80. 963,072 shares of the company's stock were exchanged, 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$32.44. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space Ltd. has a 52 week low of C$15.53 and a 52 week high of C$48.31. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of 34.22 and a beta of -0.63.

Analyst Ratings Changes

MDA has been the subject of several recent analyst reports. Royal Bank Of Canada cut their target price on 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. Desjardins cut their target price on MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Scotiabank cut their target price 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, September 9th. Canaccord Genuity Group cut their target price on MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. Finally, BMO Capital Markets cut their target price on 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.