Holly Lynn Johnson Sells 31,200 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA - Get Free Report) Senior Officer Holly Lynn Johnson sold 31,200 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total value of C$957,840.00.

Holly Lynn Johnson also recently made the following trade(s):

• On Friday, June 20th, Holly Lynn Johnson sold 8,800 shares of MDA Space stock. The stock was sold at an average price of C$30.70, for a total value of C$270,160.00.

MDA Space Stock Up 4.1%

Shares of TSE:MDA traded up C$1.36 on Thursday, hitting C$34.50. 483,641 shares of the company's stock were exchanged, compared to its average volume of 481,053. The firm's 50-day moving average is C$27.44 and its 200 day moving average is C$26.80. The company has a market capitalization of C$4.21 billion, a PE ratio of 61.32 and a beta of 0.02. MDA Space Ltd. has a 1-year low of C$11.78 and a 1-year high of C$34.52. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83.

Analysts Set New Price Targets

Several research analysts recently commented on MDA shares. Desjardins boosted their target price on MDA Space from C$38.00 to C$40.00 and gave the stock a "buy" rating in a research note on Monday. Canaccord Genuity Group lowered their price objective on MDA Space from C$37.00 to C$36.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Finally, Scotiabank upped their price objective on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$32.89.

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.