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 company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$53.55, for a total value of C$21,152.25. Following the sale, the insider directly owned 7,757 shares of the company’s stock, valued at approximately C$415,387.35. This represents a 4.85% decrease in their ownership of the stock.

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

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

MDA Space Price Performance

MDA opened at C$52.16 on Monday. The business has a 50 day moving average price of C$49.84 and a two-hundred day moving average price of C$39.39. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62. The company has a market cap of C$7.24 billion, a PE ratio of 65.20 and a beta of -0.53. MDA Space Ltd. has a 52 week low of C$20.85 and a 52 week high of C$67.90.

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

Wall Street Analyst Weigh In

Several analysts have commented on MDA shares. ATB Cormark Capital Markets downgraded MDA Space from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$53.00 to C$67.00 in a research note on Friday, May 29th. Morgan Stanley upped their price objective on MDA Space from C$51.00 to C$58.00 in a research note on Friday, May 8th. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Canaccord Genuity Group set a C$56.00 price objective on MDA Space and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce set a C$57.00 price objective on MDA Space and gave the company an “outperformer” rating in a research note on Thursday, May 14th. Three investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.