MDA Space Ltd. (TSE:MDA) Director Michael Philip James Greenley Sells 200,000 Shares

MDA Space Ltd. (TSE:MDA - Get Free Report) Director Michael Philip James Greenley sold 200,000 shares of MDA Space stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$29.04, for a total transaction of C$5,807,400.00.

MDA Space Stock Up 2.2%

Shares of MDA stock traded up C$0.63 during mid-day trading on Thursday, hitting C$29.42. 61,990 shares of the stock traded hands, compared to its average volume of 472,216. The stock has a market cap of C$3.59 billion, a P/E ratio of 52.29 and a beta of 0.02. The stock's fifty day moving average is C$26.20 and its two-hundred day moving average is C$26.57. MDA Space Ltd. has a 52-week low of C$11.65 and a 52-week high of C$30.00. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MDA shares. Canaccord Genuity Group reduced their price target on shares of MDA Space from C$37.00 to C$36.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Scotiabank boosted their target price on shares of MDA Space from C$28.50 to C$34.00 in a research note on Monday, March 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space has a consensus rating of "Buy" and an average price target of C$32.00.

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.