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

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 firm's stock in a transaction 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 sale, the director owned 1,246,020 shares in the company, valued at C$53,578,860. This trade represents a 12.88% decrease in their position.

MDA Space Trading Down 0.3%

MDA Space stock traded down C$0.09 during midday trading on Friday, reaching C$30.80. The stock had a trading volume of 963,072 shares, compared to its average volume of 557,736. The stock's 50-day simple moving average is C$41.56 and its 200 day simple moving average is C$32.32. MDA Space Ltd. has a twelve month low of C$15.53 and a twelve month high of C$48.31. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The stock has a market capitalization 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 analysts have weighed in on the stock. Desjardins decreased their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a research report on Tuesday. Scotiabank reduced their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Tuesday. Canaccord Genuity Group decreased their price objective on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday. Royal Bank Of Canada cut their target price on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets decreased their price target 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. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, MDA Space currently has an average rating of "Buy" and an average 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.