Insider Selling: MDA Space (TSE:MDA) Insider Sells 1,500 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$52.63, for a total value of C$78,945.00. Following the transaction, the insider owned 6,257 shares in the company, valued at C$329,305.91. This trade represents a 19.34% decrease in their position.

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

• On Wednesday, June 10th, Guillaume Lavoie sold 395 shares of MDA Space stock. The stock was sold at an average price of C$53.55, for a total value of C$21,152.25.
• 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 value of C$38,266.56.

MDA Space Stock Down 8.5%

Shares of MDA stock traded down C$4.85 during midday trading on Friday, reaching C$52.20. 1,578,701 shares of the stock were exchanged, compared to its average volume of 1,173,380. MDA Space Ltd. has a 1 year low of C$20.85 and a 1 year high of C$67.90. The company’s 50 day moving average is C$49.52 and its two-hundred day moving average is C$39.18. The company has a current ratio of 0.80, a quick ratio of 1.00 and a debt-to-equity ratio of 20.62. The firm has a market cap of C$7.24 billion, a PE ratio of 65.25 and a beta of -0.53.

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 firm 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%. On average, equities research analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets raised their price target on shares of MDA Space from C$45.00 to C$50.00 in a report on Thursday, March 5th. Canadian Imperial Bank of Commerce set a C$57.00 price target on shares of MDA Space and gave the company an “outperformer” rating in a report on Thursday, May 14th. Morgan Stanley raised their price target on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets downgraded shares of MDA Space from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$53.00 to C$67.00 in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.