MDA Space (TSE:MDA) Insider Buys C$41,370.20 in Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie bought 1,220 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of C$33.91 per share, with a total value of C$41,370.20. Following the completion of the transaction, the insider owned 4,562 shares in the company, valued at C$154,697.42. This represents a 36.51% increase in their ownership of the stock.

MDA Space Stock Performance

Shares of MDA Space stock opened at C$32.99 on Wednesday. The firm has a market cap of C$4.12 billion, a P/E ratio of 36.66 and a beta of -0.63. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space Ltd. has a 12 month low of C$14.99 and a 12 month high of C$48.31. The stock’s fifty day moving average price is C$41.89 and its 200-day moving average price is C$32.23.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MDA shares. Scotiabank reduced their price target on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday. Desjardins cut their target price on MDA Space from C$56.00 to C$43.00 and set a “buy” rating on the stock in a research note on Tuesday. Canaccord Genuity Group dropped their target price on MDA Space from C$54.00 to C$47.00 in a research note on Tuesday. Royal Bank Of Canada dropped their target price on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets dropped their target price on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$38.44.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.