Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) shot up 10.8% during mid-day trading on Friday . The company traded as high as C$44.14 and last traded at C$42.99. 485,398 shares were traded during trading, a decline of 0% from the average session volume of 487,607 shares. The stock had previously closed at C$38.80.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MDA. Scotiabank lowered shares of MDA Space from a "strong-buy" rating to a "hold" rating and upped their target price for the stock from C$33.00 to C$39.00 in a research report on Thursday, July 3rd. Royal Bank Of Canada boosted their price target on shares of 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. Desjardins boosted their price target on shares of 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. Finally, Canaccord Genuity Group boosted their price target on shares of MDA Space from C$36.00 to C$45.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$35.78.
Read Our Latest Research Report on MDA
MDA Space Stock Up 17.0%
The firm has a market cap of C$5.54 billion, a P/E ratio of 80.69 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's fifty day moving average is C$34.49 and its 200 day moving average is C$28.64.
Insider Buying and Selling at MDA Space
In related news, Senior Officer Holly Lynn Johnson sold 31,200 shares of MDA Space stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Director Michael Philip James Greenley sold 200,000 shares of MDA Space stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. Insiders have sold a total of 306,000 shares of company stock worth $9,024,768 in the last ninety days. Insiders own 12.60% of the company's stock.
About MDA Space
(
Get Free Report)
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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