Michael Philip Greenley Sells 290,600 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Michael Philip Greenley sold 290,600 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$28.55, for a total transaction of C$8,296,630.00.

Michael Philip Greenley also recently made the following trade(s):

• On Thursday, December 12th, Michael Philip Greenley sold 9,700 shares of MDA Space stock. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00.
• On Sunday, September 22nd, Michael Philip Greenley sold 175,000 shares of MDA Space stock. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50.

MDA Space Stock Up 1.5 %

Shares of MDA opened at C$28.46 on Friday. The stock has a 50 day moving average price of C$25.13 and a 200 day moving average price of C$18.06. MDA Space Ltd. has a one year low of C$10.65 and a one year high of C$29.98. 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 stock has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 74.89 and a beta of 0.02.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Ci Capital lifted their price target on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada lifted their target price on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$31.50.

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.