MDA Space (TSE:MDA) Trading 4.3% Higher – Time to Buy?

Shares of MDA Space Ltd. (TSE:MDA) were up 4.3% during mid-day trading on Wednesday . The stock traded as high as C$27.64 and last traded at C$27.63. Approximately 433,958 shares traded hands during trading, a decline of 19% from the average daily volume of 532,898 shares. The stock had previously closed at C$26.49.

Analyst Ratings Changes

Several equities analysts recently commented on MDA shares. Cormark upped their price objective on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Canaccord Genuity Group increased their price target on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Scotiabank boosted their price objective on MDA Space from C$28.50 to C$34.00 in a research note on Monday, March 10th. Finally, Citigroup upped their price objective on shares of MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$31.43.

MDA Space Price Performance

The company has a market cap of C$2.93 billion, a PE ratio of 42.69 and a beta of 0.02. The business has a 50 day moving average of C$25.40 and a 200 day moving average of C$24.87. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

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.