Luigi Pozzebon Sells 31,686 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Luigi Pozzebon sold 31,686 shares of MDA Space stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total value of C$1,676,189.40.

MDA Space Stock Up 0.3%

Shares of TSE:MDA traded up C$0.17 during trading on Tuesday, hitting C$53.55. 928,668 shares of the company were exchanged, compared to its average volume of 1,177,653. The stock has a market capitalization of C$7.43 billion, a P/E ratio of 66.94 and a beta of -0.53. 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 Ltd. has a 12-month low of C$20.85 and a 12-month high of C$67.90. The firm’s 50 day moving average price is C$50.15 and its 200-day moving average price is C$39.60.

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

Wall Street Analyst Weigh In

MDA has been the subject of several research reports. Scotia boosted their target price on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Scotiabank raised MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Morgan Stanley boosted their target price on MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Finally, Stifel Nicolaus boosted their target price on 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 analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, MDA Space has a consensus rating of “Buy” and a consensus 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.