Guillaume Lavoie Acquires 1,220 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie acquired 1,220 shares of MDA Space stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of C$33.91 per share, with a total value of C$41,370.20. Following the completion of the transaction, the insider directly owned 4,562 shares of the company’s stock, valued at C$154,697.42. This trade represents a 36.51% increase in their ownership of the stock.

MDA Space Stock Performance

Shares of TSE MDA opened at C$30.89 on Friday. The stock has a 50 day moving average price of C$41.68 and a 200 day moving average price of C$32.27. MDA Space Ltd. has a 52 week low of C$15.41 and a 52 week high of C$48.31. 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 stock has a market capitalization of C$3.86 billion, a PE ratio of 34.32 and a beta of -0.63.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MDA. Canaccord Genuity Group reduced their price target on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday. Scotiabank reduced their price target on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank Of Canada reduced their price target on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets reduced their price target on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Desjardins dropped their price objective on MDA Space from C$56.00 to C$43.00 and set a “buy” rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, According to MarketBeat, MDA Space presently has an average rating of “Buy” and an average target price 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.