Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) traded up 5.7% during mid-day trading on Wednesday . The company traded as high as C$23.14 and last traded at C$23.09. 889,897 shares traded hands 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 analysts have recently weighed in on MDA shares. Cormark lifted their target price on shares of MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Scotiabank lifted their price objective on MDA Space from C$28.50 to C$34.00 in a report on Monday. Citigroup increased their target price on MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Royal Bank of Canada raised their target price on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group upped their price target on MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MDA Space has an average rating of "Buy" and an average price target of C$31.43.
View Our Latest Analysis on MDA Space
MDA Space Stock Performance
The stock has a 50-day moving average of C$25.65 and a 200 day moving average of C$23.25. 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 firm has a market capitalization of C$3.40 billion, a P/E ratio of 49.61 and a beta of 0.02.
Insider Buying and Selling
In other MDA Space news, Director Michael Philip Greenley sold 9,700 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. Also, 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. Insiders have sold a total of 361,300 shares of company stock worth $10,285,710 in the last 90 days. Corporate insiders own 12.60% of the company's stock.
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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