MDA Space (TSE:MDA) Trading Up 0.9%

MDA Space Ltd. (TSE:MDA) shares shot up 0.9% during mid-day trading on Monday . The company traded as high as C$13.26 and last traded at C$13.10. 95,747 shares were traded during mid-day trading, a decline of 59% from the average session volume of 232,295 shares. The stock had previously closed at C$12.98.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDA. Royal Bank of Canada set a C$16.00 target price on MDA Space and gave the stock an “outperform” rating in a report on Monday, June 24th. Scotiabank raised their price objective on MDA Space from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Wednesday, April 10th.

MDA Space Trading Down 3.7 %

The company has a debt-to-equity ratio of 52.23, a quick ratio of 1.00 and a current ratio of 1.29. The firm has a 50 day simple moving average of C$12.59 and a two-hundred day simple moving average of C$13.13. The firm has a market capitalization of C$1.55 billion, a P/E ratio of 34.00 and a beta of 0.14.

MDA Space (TSE:MDA) last announced its earnings results on Thursday, May 9th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.01. MDA Space had a return on equity of 4.41% and a net margin of 5.71%. The firm had revenue of C$209.10 million during the quarter, compared to analyst estimates of C$210.35 million. Equities research analysts forecast that MDA Space Ltd. will post 0.5601118 earnings per share for the current year.

MDA Space Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Tuesday, April 30th. MDA Space’s dividend payout ratio is presently 389.47%.

Insider Activity

In other MDA Space news, Director Brendan Paddick bought 85,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was purchased at an average cost of C$11.96 per share, with a total value of C$1,016,600.00. Insiders own 12.63% of the company’s stock.

MDA Space Company Profile

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.