MDA Space Ltd. (TSE:MDA - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$33.11 and last traded at C$33.04, with a volume of 92188 shares traded. The stock had previously closed at C$32.22.
Analysts Set New Price Targets
MDA has been the topic of a number of recent analyst reports. Scotiabank upped their target price on MDA Space from C$28.50 to C$34.00 in a report on Monday, March 10th. Canaccord Genuity Group cut their price objective on MDA Space from C$37.00 to C$36.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, Desjardins raised their target price on shares of MDA Space from C$38.00 to C$40.00 and gave the stock a "buy" rating in a report on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$32.89.
Get Our Latest Analysis on MDA Space
MDA Space Stock Up 0.6%
The firm has a 50-day moving average of C$27.14 and a two-hundred day moving average of C$26.72. The stock has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 56.93 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.
Insider Buying and Selling at MDA Space
In other news, Director Michael Philip James Greenley sold 200,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. Also, Senior Officer Holly Lynn Johnson sold 8,800 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$30.70, for a total value of C$270,160.00. Insiders have sold a total of 298,000 shares of company stock valued at $8,768,608 in the last 90 days. 12.60% of the stock is currently owned by corporate insiders.
MDA Space Company Profile
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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.
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