Michael Philip James Greenley Sells 1,009,300 Shares of MDA Space (TSE:MDA) Stock

Key Points

• Director Michael Philip James Greenley sold 1,009,300 shares of MDA Space Ltd. on August 18th for a total of C$45.42 million, significantly decreasing his ownership by 89.61%.
• MDA Space's stock opened at C$30.80, with a 12-month price range of C$15.53 to C$48.31, and a current market cap of C$3.85 billion.
• A number of analysts have downgraded their price targets for MDA Space, with the consensus rating at "Buy" and an average target price of C$38.44.

MDA Space Ltd. (TSE:MDA - Get Free Report) Director Michael Philip James Greenley sold 1,009,300 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of C$45.00, for a total transaction of C$45,418,500.00. Following the transaction, the director directly owned 117,037 shares of the company's stock, valued at C$5,266,665. This trade represents a 89.61% decrease in their position.

MDA Space Stock Down 0.3%

Shares of TSE:MDA opened at C$30.80 on Friday. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space Ltd. has a 12 month low of C$15.53 and a 12 month high of C$48.31. The company has a 50-day moving average price of C$41.56 and a 200 day moving average price of C$32.37. The company has a market cap of C$3.85 billion, a price-to-earnings ratio of 34.22 and a beta of -0.63.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MDA shares. Scotiabank reduced their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Canaccord Genuity Group reduced their price objective on shares of MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th. BMO Capital Markets reduced their price objective on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Royal Bank Of Canada reduced their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Finally, Desjardins reduced their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$38.44.

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.

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