Insider Buying: MDA Space Ltd. (TSE:MDA) Director Purchases 3,800 Shares of Stock

MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu acquired 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of C$28.49 per share, with a total value of C$108,262.00.

MDA Space Stock Down 0.8 %

Shares of TSE:MDA opened at C$26.65 on Thursday. The firm has a market cap of C$3.20 billion, a P/E ratio of 70.13 and a beta of 0.02. MDA Space Ltd. has a 52-week low of C$10.65 and a 52-week high of C$28.07. The business’s 50 day simple moving average is C$21.58 and its two-hundred day simple moving average is C$16.27. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Cormark lifted their price target on shares of MDA Space from C$30.00 to C$31.00 in a report on Monday, November 18th. Scotiabank increased their price target on 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. Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$27.83.

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.