Insider Selling: MDA Space Ltd. (TSE:MDA) Senior Officer Sells 18,000 Shares of Stock

MDA Space Ltd. (TSE:MDA - Get Free Report) Senior Officer David Snarch sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total value of C$507,600.00.

MDA Space Stock Performance

MDA traded up C$0.05 during mid-day trading on Friday, reaching C$27.90. 622,058 shares of the company traded hands, compared to its average volume of 481,310. The stock has a market capitalization of C$3.40 billion, a P/E ratio of 49.59 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The company's fifty day moving average price is C$25.88 and its 200-day moving average price is C$26.41. MDA Space Ltd. has a 52-week low of C$11.44 and a 52-week high of C$30.00.

Wall Street Analysts Forecast Growth

MDA has been the topic of a number of analyst reports. Scotiabank boosted their price target on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Canaccord Genuity Group dropped their price target on 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. 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 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.