Insider Selling: MDA Space Ltd. (TSE:MDA) Director Sells C$1,711,660.00 in Stock

MDA Space Ltd. (TSE:MDA) 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 transaction of C$1,711,660.00.

MDA Space Stock Performance

TSE:MDA opened at C$28.97 on Thursday. The firm has a 50-day moving average price of C$25.46 and a 200 day moving average price of C$18.30. MDA Space Ltd. has a 12-month low of C$10.65 and a 12-month high of C$29.98. The firm has a market capitalization of C$3.48 billion, a PE ratio of 76.24 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MDA shares. Ci Capital increased their target price on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Cormark increased their price objective on MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Scotiabank raised their price target on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price objective on shares of MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MDA Space presently has a consensus rating of “Buy” and a consensus target price 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.