Michael Philip James Greenley Sells 200,000 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip James Greenley sold 200,000 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total transaction of C$5,807,400.00.

MDA Space Price Performance

Shares of TSE MDA opened at C$29.56 on Friday. The company has a market capitalization of C$3.60 billion, a PE ratio of 52.54 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock’s 50 day moving average price is C$26.43 and its 200-day moving average price is C$26.60. MDA Space Ltd. has a twelve month low of C$11.65 and a twelve month high of C$30.00.

Wall Street Analysts Forecast Growth

MDA has been the subject of several analyst reports. Scotiabank increased their price objective on MDA Space from C$28.50 to C$34.00 in a research note on Monday, March 10th. Canaccord Genuity Group lowered their price target on MDA Space from C$37.00 to C$36.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$32.00.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.