Insider Selling: MDA Space (TSE:MDA) Insider Sells 395 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 395 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25. Following the sale, the insider directly owned 7,757 shares in the company, valued at approximately C$415,387.35. This represents a 4.85% decrease in their position.

Guillaume Lavoie also recently made the following trade(s):

• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00.
• On Friday, June 12th, Guillaume Lavoie sold 688 shares of MDA Space stock. The stock was sold at an average price of C$55.62, for a total transaction of C$38,266.56.

MDA Space Stock Performance

TSE:MDA traded down C$4.85 during trading hours on Friday, hitting C$52.20. 1,578,701 shares of the company were exchanged, compared to its average volume of 1,173,380. The stock has a market capitalization of C$7.24 billion, a price-to-earnings ratio of 65.25 and a beta of -0.53. MDA Space Ltd. has a 52-week low of C$20.85 and a 52-week high of C$67.90. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. The company’s 50 day moving average price is C$49.52 and its 200-day moving average price is C$39.18.

MDA Space (TSE:MDA) last released its earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$464.10 million for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. As a group, research analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotia boosted their price target on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research note on Wednesday. ATB Cormark Capital Markets downgraded shares of MDA Space from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$53.00 to C$67.00 in a report on Friday, May 29th. Stifel Nicolaus upped their price objective on shares of MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce set a C$57.00 price objective on shares of MDA Space and gave the company an “outperformer” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$57.40.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.