TSE:MDA - Get Free Report ) traded down 7.9% during trading on Thursday . The company traded as low as C$13.43 and last traded at C$13.72. 227,948 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 220,311 shares. The stock had previously closed at C$14.89.
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Analyst Upgrades and Downgrades A number of research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of MDA from C$13.00 to C$15.00 and gave the company a "market perform" rating in a research note on Thursday, February 29th. Scotiabank upped their target price on MDA from C$17.00 to C$18.50 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price target on MDA from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, MDA presently has an average rating of "Moderate Buy" and a consensus target price of C$14.88.
Read Our Latest Analysis on MDA
MDA Price Performance The firm has a market capitalization of C$1.66 billion, a PE ratio of 34.73 and a beta of 0.12. The firm's fifty day moving average price is C$14.57 and its 200 day moving average price is C$12.79. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 49.31.
MDA (TSE:MDA - Get Free Report ) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.18. The company had revenue of C$205.00 million for the quarter, compared to analyst estimates of C$208.30 million. MDA had a net margin of 6.04% and a return on equity of 4.73%. As a group, equities analysts forecast that MDA Ltd. will post 0.6618445 earnings per share for the current year.
MDA Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Tuesday, April 30th. MDA's payout ratio is presently 370.00%.
Insider Buying and Selling In other MDA news, Director John Carter Risley sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total value of C$1,500,660.00. 12.63% of the stock is currently owned by insiders.
About MDA (
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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.
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