MDA Space (TSE:MDA) Director Sells C$2,452,727.36 in Stock

MDA Space Ltd. (TSE:MDA) Director Brendan Paddick sold 54,400 shares of MDA Space stock in a transaction on Monday, August 25th. The stock was sold at an average price of C$45.09, for a total transaction of C$2,452,727.36. Following the sale, the director owned 1,181,953 shares in the company, valued at C$53,290,596.72. This represents a 4.40% decrease in their position.

Brendan Paddick also recently made the following trade(s):

• On Tuesday, August 26th, Brendan Paddick sold 45,600 shares of MDA Space stock. The shares were sold at an average price of C$47.02, for a total transaction of C$2,143,929.60.

MDA Space Price Performance

TSE:MDA opened at C$31.78 on Thursday. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company has a 50-day moving average of C$41.80 and a 200-day moving average of C$32.23. MDA Space Ltd. has a 52 week low of C$14.99 and a 52 week high of C$48.31. The company has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 35.31 and a beta of -0.63.

Analyst Ratings Changes

A number of research analysts have commented on MDA shares. Desjardins cut their price target on shares of MDA Space from C$56.00 to C$43.00 and set a “buy” rating for the company in a research note on Tuesday. Scotiabank dropped their target price on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday. Canaccord Genuity Group cut their target price on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday. Royal Bank Of Canada lowered their price target on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets dropped their price objective on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$38.44.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.