MDA Space (TSE:MDA) Insider Sells C$38,266.56 in Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 688 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the completion of the transaction, the insider directly owned 5,569 shares in the company, valued at C$309,747.78. This trade represents a 11.00% decrease in their ownership of the stock.

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

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The shares were sold at an average price of C$53.55, for a total transaction of C$21,152.25.
• 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 transaction of C$78,945.00.

MDA Space Stock Down 8.5%

Shares of TSE MDA traded down C$4.85 during mid-day trading on Friday, reaching C$52.20. The company had a trading volume of 1,578,701 shares, compared to its average volume of 1,173,380. The firm has a 50 day simple moving average of C$49.52 and a two-hundred day simple moving average of C$39.18. The stock has a market cap of C$7.24 billion, a P/E ratio of 65.25 and a beta of -0.53. 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 52-week low of C$20.85 and a 52-week high of C$67.90.

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. The firm had revenue of C$464.10 million for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Sell-side analysts predict that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MDA. Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Desjardins raised their price objective on shares of MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce set a C$57.00 target price on shares of MDA Space and gave the company an “outperformer” rating in a report on Thursday, May 14th. Scotiabank raised shares of MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Finally, ATB Cormark Capital Markets cut MDA Space from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$53.00 to C$67.00 in a research report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MDA Space presently has a consensus 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.