John Carter Risley Sells 184,230 Shares of MDA Space (TSE:MDA) Stock

Key Points

• John Carter Risley, a director at MDA Space, sold 184,230 shares of the company at an average price of C$43.00, totaling approximately C$7.92 million, resulting in a 12.88% decrease in his ownership.
• MDA Space shares have experienced a 0.4% decline recently, trading at C$32.86, with a 1-year range of C$14.99 to C$48.31.
• Multiple brokerages have lowered their price targets for MDA Space, with an average rating of "Buy" and a target price of around C$38.44.

MDA Space Ltd. (TSE:MDA - Get Free Report) Director John Carter Risley sold 184,230 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$43.00, for a total value of C$7,921,890.00. Following the transaction, the director owned 1,246,020 shares in the company, valued at approximately C$53,578,860. This trade represents a 12.88% decrease in their position.

MDA Space Price Performance

MDA Space stock traded down C$0.09 during mid-day trading on Friday, reaching C$30.80. 963,072 shares of the company were exchanged, compared to its average volume of 557,736. The company has a fifty day simple moving average of C$41.56 and a 200-day simple moving average of C$32.37. MDA Space Ltd. has a 12 month low of C$15.53 and a 12 month high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The firm has a market cap of C$3.85 billion, a PE ratio of 34.22 and a beta of -0.63.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MDA shares. BMO Capital Markets reduced their target price on MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Canaccord Genuity Group lowered their target price on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th. Scotiabank lowered 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 report on Tuesday, September 9th. Royal Bank Of Canada lowered 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 report on Tuesday, September 9th. Finally, Desjardins lowered 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 report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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.