Michael Philip Greenley Sells 175,000 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction that occurred on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50.

MDA Space Trading Down 0.1 %

Shares of MDA Space stock opened at C$16.83 on Thursday. 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 company has a fifty day simple moving average of C$14.68 and a 200-day simple moving average of C$13.93. The stock has a market cap of C$2.02 billion, a price-to-earnings ratio of 44.29 and a beta of -0.02. MDA Space Ltd. has a 12-month low of C$10.65 and a 12-month high of C$16.99.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 earnings per share (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 company had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million. On average, equities analysts forecast that MDA Space Ltd. will post 0.9875297 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDA. Scotiabank increased their price objective on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their price target on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Finally, Cormark upped their price objective on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th.

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.