MDA Space (TSE:MDA) Reaches New 12-Month High – Should You Buy?

MDA Space Ltd. (TSE:MDA) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as C$46.00 and last traded at C$45.93, with a volume of 1307648 shares traded. The stock had previously closed at C$38.80.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of MDA Space from C$36.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada boosted their target price on shares of MDA Space from C$35.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Desjardins boosted their target price on shares of MDA Space from C$38.00 to C$40.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Scotiabank downgraded shares of MDA Space from a “strong-buy” rating to a “hold” rating and boosted their target price for the company from C$33.00 to C$39.00 in a research report on Thursday, July 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, MDA Space currently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.78.

MDA Space Stock Up 18.4%

The stock’s fifty day moving average is C$34.84 and its two-hundred day moving average is C$28.79. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The company has a market capitalization of C$5.60 billion, a PE ratio of 81.64 and a beta of 0.02.

Insider Buying and Selling at MDA Space

In other news, Senior Officer Luigi Pozzebon sold 8,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total value of C$256,160.00. Also, Director Michael Philip James Greenley sold 200,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. Over the last 90 days, insiders sold 306,000 shares of company stock valued at $9,024,768. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.