Insider Selling: MDA Space Ltd. (TSE:MDA) Director Sells 175,000 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction 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 Price Performance

Shares of TSE:MDA opened at C$16.83 on Thursday. MDA Space Ltd. has a 52 week low of C$10.65 and a 52 week high of C$16.99. The company has a 50-day moving average price of C$14.68 and a 200 day moving average price of C$13.93. The company has a market cap of C$2.02 billion, a P/E ratio of 44.29 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.

MDA Space (TSE:MDA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating 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 business had revenue of C$242.00 million during the quarter, compared to analysts’ expectations of C$221.34 million. Research analysts predict that MDA Space Ltd. will post 0.9875297 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cormark boosted their price target on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Finally, Scotiabank upped their price target on MDA Space from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th.

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.