MDA Space (TSE:MDA) Reaches New 1-Year High – Time to Buy?

Shares of MDA Space Ltd. (TSE:MDA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$25.85 and last traded at C$25.79, with a volume of 61975 shares trading hands. The stock had previously closed at C$25.29.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDA shares. Desjardins raised MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group increased their price target on MDA Space from C$21.00 to C$27.00 in a report on Monday. Cormark increased their price target on MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$15.00 to C$28.00 in a report on Monday. Finally, Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MDA Space currently has an average rating of “Moderate Buy” and an average target price of C$22.29.

MDA Space Trading Up 0.8 %

The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The business has a fifty day simple moving average of C$18.84 and a 200 day simple moving average of C$15.22. The company has a market cap of C$3.06 billion, a P/E ratio of 66.55 and a beta of 0.02.

MDA Space (TSE:MDA) last released its earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.09. The company had revenue of C$242.00 million for the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. Analysts anticipate that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. In related news, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Karl W. Smith bought 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of C$14.83 per share, for a total transaction of C$48,120.20. In the last 90 days, insiders have sold 199,220 shares of company stock valued at $3,285,909. Insiders own 12.60% of the company’s stock.

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.