Luigi Pozzebon Sells 31,686 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Luigi Pozzebon sold 31,686 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$52.90, for a total transaction of C$1,676,189.40.

MDA Space Price Performance

MDA Space stock opened at C$54.94 on Thursday. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. The firm has a 50 day moving average price of C$50.74 and a 200 day moving average price of C$40.02. The company has a market cap of C$7.62 billion, a price-to-earnings ratio of 68.68 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price 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. ATB Cormark Capital Markets downgraded shares of MDA Space from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$53.00 to C$67.00 in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce set a C$57.00 price objective on shares of MDA Space and gave the stock an “outperformer” rating in a research note on Thursday, May 14th. Desjardins boosted their price objective on shares of MDA Space from C$55.00 to C$66.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Three research 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. According to MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and an average target price 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.