MDA Space Ltd. (TSE:MDA - Get Free Report) shares were down 18.2% during trading on Wednesday . The company traded as low as C$21.78 and last traded at C$22.18. Approximately 288,510 shares traded hands during trading, a decline of 19% from the average daily volume of 357,129 shares. The stock had previously closed at C$27.10.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on MDA shares. Scotiabank upped their target price on MDA Space from C$29.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Desjardins raised MDA Space to a "moderate buy" rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Cormark boosted their target price on MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their target price on shares of MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$31.29.
View Our Latest Analysis on MDA
MDA Space Trading Up 6.7 %
The stock has a 50 day simple moving average of C$27.84 and a 200-day simple moving average of C$21.41. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 61.87 and a beta of 0.02.
Insider Activity at MDA Space
In other news, Director John Carter Risley sold 61,000 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total value of C$1,711,660.00. Also, Director Yung Cheng Wu bought 3,800 shares of the stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of C$28.49 per share, with a total value of C$108,262.00. Insiders have sold a total of 361,300 shares of company stock valued at $10,285,710 over the last 90 days. 12.60% of the stock is owned by corporate insiders.
MDA Space Company Profile
(
Get Free Report)
MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.
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