MDA Space Ltd. (TSE:MDA) Director Sells C$8,296,630.00 in Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00.

Michael Philip Greenley also recently made the following trade(s):

• On Thursday, December 12th, Michael Philip Greenley sold 9,700 shares of MDA Space stock. The shares were sold at an average price of C$28.60, for a total value of C$277,420.00.
• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Trading Up 1.5 %

TSE MDA opened at C$28.46 on Friday. MDA Space Ltd. has a 1 year low of C$10.65 and a 1 year high of C$29.98. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of C$3.42 billion, a PE ratio of 74.89 and a beta of 0.02. The company has a fifty day moving average of C$25.13 and a 200 day moving average of C$18.06.

Analysts Set New Price Targets

MDA has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$28.00 in a research note on Monday, November 4th. Canaccord Genuity Group boosted their price objective on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Desjardins upgraded MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price target on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Finally, Cormark increased their price objective on MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$31.50.

About MDA Space

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.