MDA Space (TSE:MDA) Hits New 52-Week High - Should You Buy?

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$45.10 and last traded at C$43.25, with a volume of 996498 shares trading hands. The stock had previously closed at C$43.42.

Analyst Ratings Changes

Several research analysts have commented on the company. Desjardins boosted their target price on MDA Space from C$38.00 to C$40.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Scotiabank downgraded MDA Space from a "strong-buy" rating to a "hold" rating and boosted their target price for the stock from C$33.00 to C$39.00 in a research note on Thursday, July 3rd. Canaccord Genuity Group boosted their price target on MDA Space from C$36.00 to C$45.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada boosted their price target on MDA Space from C$35.00 to C$42.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$35.78.

MDA Space Trading Up 0.9%

The firm has a market cap of C$5.00 billion, a P/E ratio of 72.89 and a beta of 0.02. 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 firm has a 50 day simple moving average of C$33.16 and a 200 day simple moving average of C$28.24.

Insider Activity

In related news, Senior Officer David Snarch sold 18,000 shares of the company'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 transaction of C$507,600.00. Also, Director Michael Philip James Greenley sold 200,000 shares of the company's 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 value of C$5,807,400.00. In the last 90 days, insiders have sold 306,000 shares of company stock valued at $9,024,768. Corporate insiders own 12.60% of the company's stock.

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.