Michael Philip Greenley Sells 290,600 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of MDA Space stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$28.55, for a total transaction 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 stock was 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 shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Trading Down 0.4 %

Shares of MDA stock opened at C$28.03 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space Ltd. has a twelve month low of C$10.65 and a twelve month high of C$29.98. The company’s 50-day moving average price is C$24.97 and its 200-day moving average price is C$17.94. The stock has a market cap of C$3.37 billion, a price-to-earnings ratio of 73.76 and a beta of 0.02.

Analyst Upgrades and Downgrades

MDA has been the subject of several research reports. Cormark boosted their price target 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 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 note on Wednesday, December 11th. Royal Bank of Canada boosted their price target on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group increased their price objective on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$31.50.

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.