MDA Space Ltd. (TSE:MDA - Get Free Report) dropped 16.5% on Friday . The stock traded as low as C$21.97 and last traded at C$22.41. Approximately 976,895 shares changed hands during mid-day trading, an increase of 101% from the average daily volume of 487,145 shares. The stock had previously closed at C$26.84.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Citigroup boosted their target price on MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Scotiabank increased their price objective on shares of MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$31.43.
Get Our Latest Stock Report on MDA
MDA Space Trading Up 4.3 %
The firm has a market capitalization of C$2.92 billion, a price-to-earnings ratio of 42.62 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. The business's 50-day moving average price is C$25.88 and its 200 day moving average price is C$25.96.
About MDA Space
(
Get Free Report)
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.
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