MDA Space (TSE:MDA) Insider Sells C$21,152.25 in Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 395 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25. Following the completion of the transaction, the insider directly owned 7,757 shares in the company, valued at C$415,387.35. This represents a 4.85% decrease in their position.

Guillaume Lavoie also recently made the following trade(s):

• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The stock was sold at an average price of C$52.63, for a total value of C$78,945.00.
• On Friday, June 12th, Guillaume Lavoie sold 688 shares of MDA Space stock. The stock was sold at an average price of C$55.62, for a total value of C$38,266.56.

MDA Space Trading Down 8.5%

MDA traded down C$4.85 during trading on Friday, hitting C$52.20. 1,578,701 shares of the stock were exchanged, compared to its average volume of 1,173,380. The firm has a 50 day simple moving average of C$49.52 and a 200 day simple moving average of C$39.18. The firm has a market cap of C$7.24 billion, a price-to-earnings ratio of 65.25 and a beta of -0.53. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

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

Analyst Ratings Changes

A number of research firms have commented on MDA. Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on shares of MDA Space from C$51.00 to C$58.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$57.00 price target on MDA Space and gave the company an “outperformer” rating in a report on Thursday, May 14th. BMO Capital Markets lifted their price target on MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Finally, Scotia lifted their price target on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$57.40.

MDA Space Company Profile

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.