Holly Lynn Johnson Sells 45,000 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Holly Lynn Johnson sold 45,000 shares of MDA Space stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total value of C$2,375,550.00. Following the transaction, the insider owned 60,331 shares of the company’s stock, valued at approximately C$3,184,873.49. This represents a 42.72% decrease in their ownership of the stock.

MDA Space Price Performance

Shares of TSE:MDA traded up C$3.77 during midday trading on Thursday, reaching C$56.40. 674,254 shares of the company’s stock traded hands, compared to its average volume of 1,166,950. The company has a market cap of C$7.83 billion, a P/E ratio of 70.50 and a beta of -0.53. The company has a fifty day simple moving average of C$49.08 and a two-hundred day simple moving average of C$38.94. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. 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 issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$464.10 million during the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%. Equities analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MDA shares. 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 report on Thursday, May 14th. Canaccord Genuity Group set a C$56.00 price objective on shares of MDA Space and gave the company a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets lifted their price target on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Stifel Nicolaus lifted 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 research note on Thursday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$57.40.

MDA Space Company Profile

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.