MDA Space (TSE:MDA) Sets New 12-Month High – Here’s Why

MDA Space Ltd. (TSE:MDAGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$30.00 and last traded at C$29.81, with a volume of 10199 shares trading hands. The stock had previously closed at C$29.53.

Analyst Ratings Changes

A number of research firms recently weighed in on MDA. Scotiabank upped their price target 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. Ci Capital upped their target price on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Cormark upped their price objective on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Finally, Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$31.50.

View Our Latest Report on MDA Space

MDA Space Trading Up 3.3 %

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 firm has a market capitalization of C$3.53 billion, a P/E ratio of 77.47 and a beta of 0.02. The firm has a 50 day simple moving average of C$26.71 and a two-hundred day simple moving average of C$19.25.

Insider Activity at MDA Space

In related news, 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. Also, Director Michael Philip Greenley sold 290,600 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00. Insiders have sold 361,300 shares of company stock valued at $10,285,710 over the last ninety days. Corporate insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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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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