Insider Selling: MDA Space (TSE:MDA) Insider Sells C$38,266.56 in Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 688 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$55.62, for a total value of C$38,266.56. Following the sale, the insider directly owned 5,569 shares in the company, valued at C$309,747.78. This represents a 11.00% decrease in their ownership of the stock.

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 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 value of C$78,945.00.

MDA Space Price Performance

TSE:MDA opened at C$52.16 on Monday. MDA Space Ltd. has a 52 week low of C$20.85 and a 52 week high of C$67.90. The company has a quick ratio of 1.00, a current ratio of 0.80 and a debt-to-equity ratio of 20.62. The stock has a market capitalization of C$7.24 billion, a PE ratio of 65.20 and a beta of -0.53. The stock’s 50-day moving average price is C$49.84 and its 200-day moving average price is C$39.39.

MDA Space (TSE:MDA) last posted its earnings results on Thursday, May 7th. The company reported C$0.38 EPS for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.The firm had revenue of C$464.10 million for the quarter. As a group, equities analysts expect that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analysts Set New Price Targets

MDA has been the topic of a number of analyst reports. Scotia raised their target price on MDA Space from C$53.00 to C$70.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. Canaccord Genuity Group set a C$56.00 price objective on MDA Space and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley lifted their price objective on MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Stifel Nicolaus lifted their price objective on MDA Space from C$57.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Scotiabank upgraded MDA Space to a “strong-buy” rating in a report on Thursday, March 19th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.