MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu Purchases 3,800 Shares

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

MDA Space Stock Performance

MDA Space stock opened at C$26.65 on Thursday. The stock has a market cap of C$3.20 billion, a PE ratio of 70.13 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space Ltd. has a 12-month low of C$10.65 and a 12-month high of C$28.07. The business’s 50-day moving average price is C$21.58 and its two-hundred day moving average price is C$16.27.

Wall Street Analyst Weigh In

A number of research firms recently commented on MDA. Scotiabank raised their price target on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Desjardins upgraded MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group raised their price objective on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Ci Capital upped their target price on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has a consensus rating of “Buy” and an average price target of C$27.83.

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.