MDA Space (TSE:MDA) Hits New 12-Month High – What’s Next?

MDA Space Ltd. (TSE:MDA)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$27.05 and last traded at C$25.21, with a volume of 189958 shares traded. The stock had previously closed at C$25.85.

Analysts Set New Price Targets

MDA has been the topic of several analyst reports. Cormark upped their target price on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, MDA Space has a consensus rating of “Buy” and a consensus price target of C$24.20.

MDA Space Trading Down 5.2 %

The company has a market capitalization of C$2.94 billion, a price-to-earnings ratio of 65.42 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is C$19.84 and its 200-day simple moving average is C$15.61.

Insider Buying and Selling at MDA Space

In related news, Director Michael Philip Greenley sold 175,000 shares of the 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 value of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the business’s 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 transaction of C$347,017.50. Over the last ninety days, insiders have sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is currently owned by 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.