Guillaume Lavoie Sells 395 Shares of MDA Space (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) insider Guillaume Lavoie sold 395 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$53.55, for a total transaction of C$21,152.25. Following the transaction, the insider owned 7,757 shares in the company, valued at approximately C$415,387.35. This trade represents a 4.85% decrease in their ownership of the stock.

Guillaume Lavoie also recently made the following trade(s):

• On Thursday, June 11th, Guillaume Lavoie sold 1,500 shares of MDA Space stock. The stock was sold at an average price of C$52.63, for a total transaction of C$78,945.00.
• On Friday, June 12th, Guillaume Lavoie sold 688 shares of MDA Space stock. The stock was sold at an average price of C$55.62, for a total transaction of C$38,266.56.

MDA Space Stock Down 8.6%

MDA Space stock opened at C$52.16 on Friday. MDA Space Ltd. has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The stock has a market cap of C$7.24 billion, a PE ratio of 65.20 and a beta of -0.53. The firm’s 50-day simple moving average is C$49.84 and its 200 day simple moving average is C$39.28. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80.

MDA Space (TSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.38 earnings per share for the quarter. MDA Space had a net margin of 6.02% and a return on equity of 7.24%. The business had revenue of C$464.10 million for the quarter. Research analysts predict that MDA Space Ltd. will post 0.9605084 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDA has been the topic of a number of research analyst reports. Canaccord Genuity Group set a C$56.00 target price on shares of MDA Space and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Desjardins boosted their target price on shares of MDA Space from C$55.00 to C$66.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Scotiabank upgraded shares of MDA Space to a “strong-buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus boosted their target price on shares of MDA Space from C$57.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$57.40.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.