MDA Space (TSE:MDA) Reaches New 52-Week High – Should You Buy?

MDA Space Ltd. (TSE:MDA)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$27.05 and last traded at C$25.21, with a volume of 189958 shares changing hands. The stock had previously closed at C$25.85.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDA. Royal Bank of Canada upped their target price on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Desjardins upgraded MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Scotiabank lifted their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Cormark upped their target price on shares of MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$15.00 to C$28.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$24.20.

MDA Space Stock Performance

The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of C$3.00 billion, a PE ratio of 65.71 and a beta of 0.02. The company has a 50 day moving average price of C$20.03 and a 200 day moving average price of C$15.68.

Insider Buying and Selling at MDA Space

In related news, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders have sold 199,220 shares of company stock worth $3,285,909 in the last ninety days. 12.60% of the stock is owned by insiders.

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.