MDA (OTC:MDALF) Stock Price Up 0.7% – Still a Buy?

MDA Ltd. (OTC:MDALF)’s stock price rose 0.7% on Friday . The stock traded as high as C$29.00 and last traded at C$29.00. Approximately 68,351 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 77,745 shares. The stock had previously closed at C$28.79.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MDALF shares. Scotiabank reissued an “outperform” rating on shares of MDA in a research report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of MDA in a report on Wednesday, January 28th. Finally, Morgan Stanley raised shares of MDA to an “overweight” rating in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, MDA presently has a consensus rating of “Buy”.

MDA Stock Up 0.7%

The business has a fifty day moving average of C$24.68 and a two-hundred day moving average of C$23.70.

About MDA

MDA Space 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.