MDA Space Ltd. (TSE:MDA) Director Purchases C$108,262.00 in Stock

MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu purchased 3,800 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of C$28.49 per share, with a total value of C$108,262.00.

MDA Space Trading Up 0.3 %

TSE:MDA opened at C$26.91 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock has a market capitalization of C$3.23 billion, a price-to-earnings ratio of 70.82 and a beta of 0.02. The firm has a fifty day simple moving average of C$21.99 and a two-hundred day simple moving average of C$16.43. MDA Space Ltd. has a 12 month low of C$10.65 and a 12 month high of C$28.07.

Analysts Set New Price Targets

Several brokerages have issued reports on MDA. Royal Bank of Canada upped their price target on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Scotiabank increased their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Cormark increased their price objective on shares of MDA Space from C$30.00 to C$31.00 in a research report on Monday, November 18th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Finally, Ci Capital increased their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space has an average rating of “Buy” and a consensus price target of C$27.83.

About MDA Space

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.