MDA Space (TSE:MDA) Insider Minda Marie Suchan Sells 40,000 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Minda Marie Suchan sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$53.22, for a total value of C$2,128,800.00. Following the transaction, the insider directly owned 49,784 shares in the company, valued at C$2,649,504.48. This trade represents a 44.55% decrease in their ownership of the stock.

MDA Space Stock Up 8.4%

Shares of TSE:MDA opened at C$57.05 on Friday. The stock’s 50-day moving average price is C$49.52 and its 200-day moving average price is C$39.18. MDA Space Ltd. has a 12-month low of C$20.85 and a 12-month high of C$67.90. The stock has a market capitalization of C$7.92 billion, a P/E ratio of 71.31 and a beta of -0.53. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62.

MDA Space (TSE:MDA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million for the quarter. On average, equities analysts anticipate that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDA. Stifel Nicolaus raised their price objective on MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Morgan Stanley upped their price target on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Desjardins upped their price target on shares of MDA Space from C$55.00 to C$66.00 and gave the company a “buy” rating in a report on Monday. Canadian Imperial Bank of Commerce set a C$57.00 price target on shares of MDA Space and gave the company an “outperformer” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group set a C$56.00 price target on shares of MDA Space and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$57.40.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.