Insider Selling: MDA Space Ltd. (TSE:MDA) Senior Officer Sells 31,200 Shares of Stock

MDA Space Ltd. (TSE:MDA) Senior Officer Holly Lynn Johnson sold 31,200 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of C$30.70, for a total value of C$957,840.00.

Holly Lynn Johnson also recently made the following trade(s):

• On Friday, June 20th, Holly Lynn Johnson sold 8,800 shares of MDA Space stock. The shares were sold at an average price of C$30.70, for a total transaction of C$270,160.00.

MDA Space Price Performance

MDA opened at C$33.14 on Thursday. The firm has a market capitalization of C$4.04 billion, a P/E ratio of 58.90 and a beta of 0.02. The stock has a fifty day moving average of C$27.44 and a 200-day moving average of C$26.80. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. MDA Space Ltd. has a 12-month low of C$11.78 and a 12-month high of C$33.28.

Wall Street Analyst Weigh In

MDA has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Canaccord Genuity Group cut their price objective on MDA Space from C$37.00 to C$36.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Finally, Desjardins upped their price objective on shares of MDA Space from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$32.89.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.