MDA Space (TSE:MDA) Director John Carter Risley Sells 75,700 Shares

Key Points

• Director John Carter Risley sold a total of 75,700 MDA shares (including a 24,300-share sale) on Dec. 23 at roughly C$27.17 per share, raising about C$2.06 million and cutting his stake by ~19.4% to 313,710 shares valued at C$8.52 million.
• Shares trade at C$36.70 with a market cap of C$4.63 billion and a 12‑month range of C$19.96–C$48.31; analysts have an average "Buy" rating and a consensus price target of C$40.75 amid mixed recent target revisions.

MDA Space Ltd. (TSE:MDA - Get Free Report) Director John Carter Risley sold 75,700 shares of the firm's stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the transaction, the director directly owned 313,710 shares in the company, valued at C$8,523,500.70. The trade was a 19.44% decrease in their ownership of the stock.

John Carter Risley also recently made the following trade(s):

• On Tuesday, December 23rd, John Carter Risley sold 24,300 shares of MDA Space stock. The stock was sold at an average price of C$27.08, for a total transaction of C$658,044.00.

MDA Space Stock Performance

Shares of MDA traded up C$0.14 on Friday, reaching C$36.70. The company's stock had a trading volume of 1,110,821 shares, compared to its average volume of 1,138,644. The stock's 50 day simple moving average is C$27.12 and its two-hundred day simple moving average is C$33.57. 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 stock has a market capitalization of C$4.63 billion, a P/E ratio of 43.18 and a beta of -1.15. MDA Space Ltd. has a 12-month low of C$19.96 and a 12-month high of C$48.31.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$409.80 million for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. Research analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets dropped their price target on MDA Space from C$36.00 to C$32.00 in a research note on Monday, November 17th. Stifel Nicolaus set a C$48.00 price target on shares of MDA Space and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Morgan Stanley raised shares of MDA Space from an "equal weight" rating to an "overweight" rating and upped their price target for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. Royal Bank Of Canada dropped their price objective on shares of MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. Finally, Scotiabank boosted their price objective on shares of MDA Space from C$38.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, MDA Space currently has an average rating of "Buy" and a consensus price target of C$40.75.

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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.

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