MDA Space (TSE:MDA) Sets New 1-Year High - Time to Buy?

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$22.72 and last traded at C$22.72, with a volume of 115414 shares traded. The stock had previously closed at C$21.30.

Wall Street Analyst Weigh In

MDA has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group upped their price target on shares of MDA Space from C$18.00 to C$21.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Desjardins upgraded MDA Space to a "moderate buy" rating in a research report on Wednesday. Cormark raised their price target on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Finally, Scotiabank upped their price objective on MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$19.13.

MDA Space Price Performance

The stock has a market cap of C$2.82 billion, a PE ratio of 60.82 and a beta of 0.02. 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's 50-day moving average price is C$18.11 and its two-hundred day moving average price is C$14.94.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The firm had revenue of C$242.00 million during the quarter, compared to analyst estimates of C$221.34 million. On average, equities analysts expect that MDA Space Ltd. will post 0.9605084 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John Carter Risley sold 22,500 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. In related news, Director John Carter Risley sold 22,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Karl W. Smith acquired 3,244 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of C$14.83 per share, with a total value of C$48,120.20. Insiders sold a total of 199,220 shares of company stock worth $3,285,909 in the last 90 days. 12.60% of the stock is owned by corporate insiders.

MDA Space Company Profile

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.