MDA Space (TSE:MDA) Sets New 52-Week High Following Analyst Upgrade

MDA Space Ltd. (TSE:MDA - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Desjardins raised their price target on the stock from C$38.00 to C$40.00. Desjardins currently has a buy rating on the stock. MDA Space 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.

A number of other equities research analysts have also recently commented on MDA. Canaccord Genuity Group decreased their price target 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. Scotiabank boosted their price target on MDA Space from C$28.50 to C$34.00 in a report on Monday, March 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, MDA Space currently has an average rating of "Buy" and an average price target of C$32.89.

Insider Transactions at MDA Space

In other news, Senior Officer David Snarch sold 18,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$28.20, for a total transaction of C$507,600.00. Also, Senior Officer Guillaume Lavoie purchased 1,150 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average price of C$24.75 per share, with a total value of C$28,462.50. Over the last three months, insiders have sold 306,000 shares of company stock valued at $9,024,768. 12.60% of the stock is currently owned by insiders.

MDA Space Stock Up 4.1%

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 company has a fifty day moving average of C$27.44 and a two-hundred day moving average of C$26.80. The company has a market cap of C$4.21 billion, a PE ratio of 61.32 and a beta of 0.02.

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.