MDA Space (TSE:MDA) Insider Guillaume Lavoie Sells 395 Shares of Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 395 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25. Following the transaction, the insider directly owned 7,757 shares of the company’s stock, valued at approximately C$415,387.35. This represents a 4.85% decrease in their position.

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

• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00.
• 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 transaction of C$38,266.56.

MDA Space Stock Down 8.6%

MDA Space stock opened at C$52.16 on Friday. The firm has a market cap of C$7.24 billion, a price-to-earnings ratio of 65.20 and a beta of -0.53. The company has a debt-to-equity ratio of 20.62, a current ratio of 0.80 and a quick ratio of 1.00. MDA Space Ltd. has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The firm has a fifty day moving average price of C$49.84 and a two-hundred day moving average price of C$39.28.

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. 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. As a group, analysts forecast that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDA. 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 report on Friday, May 29th. BMO Capital Markets boosted their price objective 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 objective on shares of MDA Space and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a report on Wednesday. Finally, Scotia boosted their price objective on shares of MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.