MDA Ltd. (OTC:MDALF – Get Free Report) shares fell 1.8% on Thursday . The stock traded as low as C$8.51 and last traded at C$8.51. 2,000 shares traded hands during trading, a decline of 54% from the average session volume of 4,355 shares. The stock had previously closed at C$8.67.
Analysts Set New Price Targets
A number of equities analysts have weighed in on MDALF shares. Royal Bank of Canada increased their target price on shares of MDA from C$12.00 to C$14.00 in a research report on Monday, August 14th. BMO Capital Markets lifted their price target on shares of MDA from C$8.50 to C$12.00 in a research note on Monday, August 14th. Finally, Scotiabank raised their target price on shares of MDA from C$12.00 to C$13.50 in a report on Monday, August 14th.
MDA Price Performance
MDA 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. It 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 acts as a distributor for other third party missions.
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