Insider Selling: MDA Space (TSE:MDA) Insider Sells C$2,128,800.00 in Stock

MDA Space Ltd. (TSE:MDA – Get Free Report) insider Minda Marie Suchan sold 40,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$53.22, for a total value of C$2,128,800.00. Following the completion of the sale, the insider owned 49,784 shares of the company’s stock, valued at approximately C$2,649,504.48. This represents a 44.55% decrease in their ownership of the stock.

MDA Space Stock Down 8.6%

Shares of TSE MDA opened at C$52.16 on Friday. MDA Space Ltd. has a 12-month low of C$20.85 and a 12-month high of C$67.90. The company has a market cap of C$7.24 billion, a P/E ratio of 65.20 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. The stock has a fifty day moving average price of C$49.84 and a 200 day moving average price of C$39.28.

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MDA Space (TSE:MDA – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The company had revenue of C$464.10 million during the quarter. Research analysts anticipate that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research report on Wednesday. Desjardins lifted their target price on MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce set a C$57.00 target price on MDA Space and gave the stock an “outperformer” rating in a research report on Thursday, May 14th. BMO Capital Markets lifted their target price on MDA Space from C$45.00 to C$50.00 in a research report on Thursday, March 5th. Finally, Scotia lifted their target price on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, MDA Space presently has a consensus rating of “Buy” and an average price target of C$57.40.

View Our Latest Stock Analysis on MDA

About MDA Space

(Get Free Report)

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.

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