Insider Buying: MDA Space Ltd. (TSE:MDA) Director Purchases 3,800 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu acquired 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of C$28.49 per share, with a total value of C$108,262.00.

MDA Space Trading Down 0.8 %

Shares of MDA stock traded down C$0.22 on Wednesday, reaching C$26.65. 316,336 shares of the stock were exchanged, compared to its average volume of 270,563. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock has a market cap of C$3.20 billion, a P/E ratio of 70.71 and a beta of 0.02. The firm has a 50 day moving average of C$21.38 and a two-hundred day moving average of C$16.19. MDA Space Ltd. has a 1-year low of C$10.65 and a 1-year high of C$28.07.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cormark lifted their price target on shares of MDA Space from C$30.00 to C$31.00 in a report on Monday, November 18th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price target on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Scotiabank lifted their price objective on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Ci Capital upped their target price on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space currently has a consensus rating of “Buy” and an average price target of C$27.83.

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.