Insider Selling: MDA Space Ltd. (TSE:MDA) Director Sells 175,000 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Stock Up 2.1 %

MDA Space stock opened at C$17.19 on Friday. MDA Space Ltd. has a fifty-two week low of C$10.65 and a fifty-two week high of C$17.24. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 45.29 and a beta of -0.02. The company’s 50 day simple moving average is C$14.68 and its 200 day simple moving average is C$13.93.

MDA Space (TSE:MDA) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The company had revenue of C$242.00 million during the quarter, compared to analyst estimates of C$221.34 million. As a group, sell-side analysts anticipate that MDA Space Ltd. will post 0.9875297 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MDA shares. Scotiabank upped their target price on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada increased their price objective on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Finally, Cormark lifted their target price on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th.

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.