Maxar Technologies Inc (NYSE:MAXR) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 10,105,300 shares, a decrease of 6.5% from the May 30th total of 10,812,800 shares. Based on an average trading volume of 2,250,000 shares, the short-interest ratio is currently 4.5 days. Approximately 35.6% of the company’s stock are sold short.
Shares of Maxar Technologies stock traded up $0.28 during trading on Friday, hitting $9.58. 1,317,866 shares of the company’s stock traded hands, compared to its average volume of 2,161,717. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 5.47. Maxar Technologies has a 1 year low of $3.83 and a 1 year high of $53.58. The stock has a market cap of $570.91 million, a PE ratio of -3.30 and a beta of 0.66. The stock has a 50-day simple moving average of $7.53.
Maxar Technologies (NYSE:MAXR) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.14 by ($1.13). Maxar Technologies had a negative net margin of 69.96% and a negative return on equity of 0.91%. The business had revenue of $504.00 million for the quarter, compared to analysts’ expectations of $476.55 million. During the same period last year, the business earned $0.26 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Research analysts expect that Maxar Technologies will post -0.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.38%.
A number of equities research analysts have recently commented on the company. Raymond James reissued a “hold” rating on shares of Snc-Lavalin Group in a research note on Wednesday, July 3rd. TD Securities cut their target price on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating on the stock in a research note on Monday, May 13th. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. National Bank Financial increased their target price on Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research note on Friday, May 10th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Maxar Technologies presently has a consensus rating of “Hold” and an average target price of $17.88.
Institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services raised its stake in shares of Maxar Technologies by 965.7% in the first quarter. Glassman Wealth Services now owns 8,238 shares of the company’s stock worth $33,000 after buying an additional 7,465 shares during the period. Menta Capital LLC bought a new position in shares of Maxar Technologies in the first quarter worth about $53,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Maxar Technologies by 22.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,678 shares of the company’s stock worth $55,000 after buying an additional 2,482 shares during the period. Penserra Capital Management LLC bought a new position in shares of Maxar Technologies in the first quarter worth about $127,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Maxar Technologies in the first quarter worth about $140,000. 72.36% of the stock is currently owned by institutional investors.
Maxar Technologies Company Profile
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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