Insider Selling: MDA Space (TSE:MDA) Director Sells 45,600 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Brendan Paddick sold 45,600 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$47.02, for a total transaction of C$2,143,929.60. Following the completion of the sale, the director owned 1,136,353 shares of the company’s stock, valued at C$53,426,772.65. This represents a 3.86% decrease in their ownership of the stock.

Brendan Paddick also recently made the following trade(s):

• On Monday, August 25th, Brendan Paddick sold 54,400 shares of MDA Space stock. The shares were sold at an average price of C$45.09, for a total value of C$2,452,727.36.

MDA Space Stock Performance

MDA opened at C$32.99 on Wednesday. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company has a market cap of C$4.12 billion, a PE ratio of 36.66 and a beta of -0.63. The stock has a 50-day moving average of C$41.89 and a 200-day moving average of C$32.23. MDA Space Ltd. has a 52-week low of C$14.99 and a 52-week high of C$48.31.

Analysts Set New Price Targets

MDA has been the subject of several recent analyst reports. Desjardins decreased their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a “buy” rating for the company in a report on Tuesday. Canaccord Genuity Group decreased their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday. Scotiabank lowered their price target on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets dropped their price objective on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Royal Bank Of Canada decreased their target price on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating for the company in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$38.44.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.