MDA Space Ltd. (TSE:MDA) Director Sells C$1,711,660.00 in Stock

MDA Space Ltd. (TSE:MDA) Director John Carter Risley sold 61,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total transaction of C$1,711,660.00.

MDA Space Price Performance

Shares of TSE:MDA traded up C$0.50 during midday trading on Monday, reaching C$28.96. The company’s stock had a trading volume of 363,176 shares, compared to its average volume of 282,004. The business’s fifty day simple moving average is C$25.13 and its 200-day simple moving average is C$18.15. The company has a market capitalization of C$3.48 billion, a P/E ratio of 76.21 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space Ltd. has a fifty-two week low of C$10.65 and a fifty-two week high of C$29.98.

Analysts Set New Price Targets

MDA has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their target price on MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Cormark boosted their price target on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Scotiabank increased their price objective on MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Ci Capital boosted their target price on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$31.50.

About MDA Space

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.