MDA (OTC:MDALF) Trading Up 0.7% – Here’s What Happened

MDA Ltd. (OTC:MDALF) shares were up 0.7% on Friday . The stock traded as high as C$29.00 and last traded at C$29.00. Approximately 68,351 shares changed hands during trading, a decline of 12% from the average daily volume of 77,745 shares. The stock had previously closed at C$28.79.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley raised shares of MDA to an “overweight” rating in a research report on Friday, January 16th. BMO Capital Markets reiterated an “outperform” rating on shares of MDA in a research note on Wednesday, January 28th. Finally, Scotiabank restated an “outperform” rating on shares of MDA in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

MDA Trading Up 0.7%

The company’s 50-day simple moving average is C$24.68 and its 200-day simple moving average is C$23.75.

About MDA

MDA Space Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.