MDA Space (TSE:MDA) Sets New 12-Month High - Still a Buy?

MDA Space Ltd. (TSE:MDA - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$40.32 and last traded at C$40.16, with a volume of 173520 shares changing hands. The stock had previously closed at C$39.31.

Analysts Set New Price Targets

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

MDA Space Stock Performance

The firm's fifty day simple moving average is C$31.81 and its 200 day simple moving average is C$27.90. The company has a market capitalization of C$5.30 billion, a price-to-earnings ratio of 77.17 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Insider Buying and Selling

In related news, Director Michael Philip James Greenley sold 200,000 shares of the firm'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 transaction of C$5,807,400.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$32.02, for a total transaction of C$256,160.00. Over the last 90 days, insiders sold 306,000 shares of company stock valued at $9,024,768. Company insiders own 12.60% of the company's stock.

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.