MDA Space Ltd. (TSE:MDA - Get Free Report)'s share price shot up 4.3% on Wednesday . The company traded as high as C$27.64 and last traded at C$27.63. 433,958 shares traded hands during trading, a decline of 19% from the average session volume of 532,898 shares. The stock had previously closed at C$26.49.
Analyst Upgrades and Downgrades
MDA has been the topic of several research analyst reports. Citigroup boosted their target price on MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Scotiabank lifted their price objective on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Cormark increased their target price on MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Finally, Canaccord Genuity Group lifted their price target on MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, MDA Space currently has an average rating of "Buy" and a consensus price target of C$31.43.
Check Out Our Latest Report on MDA
MDA Space Price Performance
The firm has a fifty day moving average price of C$25.40 and a two-hundred day moving average price of C$24.93. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock has a market capitalization of C$2.87 billion, a P/E ratio of 41.82 and a beta of 0.02.
About MDA Space
(
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MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.
Further Reading
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