MDA Space Ltd. (TSE:MDA - Get Free Report) insider Luigi Pozzebon sold 31,686 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total transaction of C$1,676,189.40.
MDA Space Stock Performance
MDA opened at C$52.57 on Wednesday. The stock has a market capitalization of C$7.29 billion, a price-to-earnings ratio of 65.71 and a beta of -0.53. The company has a fifty day moving average of C$50.44 and a 200 day moving average of C$39.80. MDA Space Ltd. has a fifty-two week low of C$20.85 and a fifty-two week 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 - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$464.10 million during the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. As a group, sell-side analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have commented on MDA shares. Morgan Stanley lifted their price objective on shares of MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Stifel Nicolaus lifted their price objective on shares of MDA Space from C$57.00 to C$70.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. ATB Cormark Capital Markets cut shares of MDA Space from a "moderate buy" rating to a "hold" rating and lifted their price objective for the stock from C$53.00 to C$67.00 in a research note on Friday, May 29th. BMO Capital Markets lifted their price objective on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$57.40.
Read Our Latest Analysis on MDA Space
About MDA Space
(
Get Free Report)
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.
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