MDA Space Ltd. (TSE:MDA - Get Free Report) shares shot up 5.7% during mid-day trading on Wednesday . The stock traded as high as C$23.14 and last traded at C$23.09. 889,897 shares were traded during mid-day trading, an increase of 73% from the average session volume of 515,091 shares. The stock had previously closed at C$21.85.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MDA. Canaccord Genuity Group upped their price target on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Ci Capital upped their price target on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Royal Bank of Canada upped their price target on shares of MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Cormark upped their price target on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Finally, Citigroup upped their price target on shares of MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, MDA Space has a consensus rating of "Buy" and a consensus target price of C$31.29.
Read Our Latest Report on MDA
MDA Space Stock Up 17.7 %
The company has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 47.69 and a beta of 0.02. The stock's fifty day simple moving average is C$25.68 and its two-hundred day simple moving average is C$23.22. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.
Insider Transactions at MDA Space
In other news, Director John Carter Risley sold 61,000 shares of MDA Space stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. Also, Director Michael Philip Greenley sold 9,700 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. Over the last quarter, insiders sold 361,300 shares of company stock worth $10,285,710. Insiders own 12.60% of the company's stock.
About MDA Space
(
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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