MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley Sells 290,600 Shares

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00.

Michael Philip Greenley also recently made the following trade(s):

• On Thursday, December 12th, Michael Philip Greenley sold 9,700 shares of MDA Space stock. The shares were sold at an average price of C$28.60, for a total value of C$277,420.00.
• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Trading Down 1.8 %

TSE:MDA opened at C$28.15 on Thursday. MDA Space Ltd. has a 52 week low of C$10.65 and a 52 week high of C$29.98. The firm has a 50-day moving average price of C$24.81 and a two-hundred day moving average price of C$17.83. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of 74.08 and a beta of 0.02.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MDA. Canaccord Genuity Group boosted their target price on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Desjardins upgraded MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Cormark lifted their target price on MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Ci Capital increased their price target on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Finally, BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$31.50.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.