John Carter Risley Sells 61,000 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director John Carter Risley sold 61,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total transaction of C$1,711,660.00.

MDA Space Stock Performance

TSE MDA opened at C$28.97 on Wednesday. The stock has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 76.24 and a beta of 0.02. The business’s 50 day moving average is C$25.30 and its two-hundred day moving average is C$18.22. MDA Space Ltd. has a 12-month low of C$10.65 and a 12-month high of C$29.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Royal Bank of Canada upped their price objective on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Ci Capital lifted their target price on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Scotiabank upped their price target on MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Cormark lifted their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has an average rating of “Buy” and an average target price of C$31.50.

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.