MDA Space Ltd. (TSE:MDA – Get Free Report) shares hit a new 52-week high during trading on Friday after Royal Bank of Canada raised their price target on the stock from C$18.00 to C$20.00. The company traded as high as C$16.96 and last traded at C$16.94, with a volume of 126517 shares trading hands. The stock had previously closed at C$16.44.
Several other equities analysts have also recently commented on MDA. Scotiabank boosted their price target on shares of MDA Space from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Cormark lifted their price objective on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th.
Read Our Latest Stock Report on MDA Space
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MDA Space Stock Performance
The stock’s 50-day moving average price is C$14.46 and its 200 day moving average price is C$13.89. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a market cap of C$2.02 billion, a P/E ratio of 44.26 and a beta of -0.02.
MDA Space (TSE:MDA – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.09. The firm had revenue of C$242.00 million for the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. As a group, research analysts expect that MDA Space Ltd. will post 0.9875297 EPS for the current fiscal year.
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.
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