MDA Space (TSE:MDA) Insider Guillaume Lavoie Sells 1,500 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00. Following the sale, the insider directly owned 6,257 shares in the company, valued at approximately C$329,305.91. The trade was a 19.34% decrease in their position.

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

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25.
• 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 transaction of C$38,266.56.

MDA Space Stock Down 8.6%

MDA stock opened at C$52.16 on Friday. 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 Ltd. has a twelve month low of C$20.85 and a twelve month high of C$67.90. The company’s 50 day moving average is C$49.84 and its two-hundred day moving average is C$39.28. The stock has a market cap of C$7.24 billion, a P/E ratio of 65.20 and a beta of -0.53.

MDA Space (TSE:MDA) last released its quarterly earnings data 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 for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. Research analysts expect 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 recently issued reports on MDA shares. Jefferies Financial Group upgraded 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. Canaccord Genuity Group set a C$56.00 target price on shares of MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce set a C$57.00 target price on shares of MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, MDA Space currently has an average rating of “Buy” and an average target price 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.