Holly Lynn Johnson Sells 45,000 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Holly Lynn Johnson sold 45,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the sale, the insider directly owned 60,331 shares of the company’s stock, valued at approximately C$3,184,873.49. This represents a 42.72% decrease in their ownership of the stock.

MDA Space Stock Down 8.6%

MDA stock opened at C$52.16 on Friday. MDA Space Ltd. has a 12 month low of C$20.85 and a 12 month high of C$67.90. The firm has a market cap of C$7.24 billion, a PE ratio of 65.20 and a beta of -0.53. The firm has a 50 day simple moving average of C$49.84 and a 200 day simple moving average of C$39.28. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The business had revenue of C$464.10 million for the quarter. Equities research analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDA. Morgan Stanley boosted their price target on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. ATB Cormark Capital Markets lowered shares of MDA Space from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$53.00 to C$67.00 in a report on Friday, May 29th. 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. Desjardins boosted 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, June 8th. Finally, Stifel Nicolaus boosted their price target on shares of MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, MDA Space presently has an average rating of “Buy” and an average price target 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.