Shares of 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$38.44 and last traded at C$38.19, with a volume of 107599 shares traded. The stock had previously closed at C$37.17.
Analyst Upgrades and Downgrades
MDA has been the subject of several analyst reports. Canaccord Genuity Group reduced their target price on MDA Space from C$37.00 to C$36.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Desjardins increased their target price on MDA Space from C$38.00 to C$40.00 and gave the company 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 raised their target price for the stock from C$33.00 to C$39.00 in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada lifted their price objective on MDA Space from C$35.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$34.78.
Read Our Latest Report on MDA
MDA Space Stock Performance
The company's fifty day moving average price is C$29.57 and its 200 day moving average price is C$27.35. 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 company has a market cap of C$4.86 billion, a PE ratio of 70.78 and a beta of 0.02.
Insiders Place Their Bets
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 Minda Marie Suchan sold 40,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$30.64, for a total transaction of C$1,225,608.00. Insiders sold a total of 306,000 shares of company stock valued at $9,024,768 over the last three months. Corporate insiders own 12.60% of the company's stock.
About MDA Space
(
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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.
Further Reading
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