Yung Cheng Wu Buys 3,800 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu bought 3,800 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of C$28.49 per share, with a total value of C$108,262.00.

MDA Space Price Performance

Shares of MDA stock traded down C$0.22 during midday trading on Wednesday, reaching C$26.65. 316,336 shares of the company traded hands, compared to its average volume of 270,563. MDA Space Ltd. has a 1-year low of C$10.65 and a 1-year high of C$28.07. The firm has a market cap of C$3.20 billion, a PE ratio of 70.71 and a beta of 0.02. The firm’s 50 day simple moving average is C$21.38 and its two-hundred day simple moving average is C$16.19. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Ratings Changes

Several research firms have commented on MDA. Canaccord Genuity Group boosted their price target on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Ci Capital raised their price objective on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Royal Bank of Canada boosted their target price on MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Cormark raised their price objective on shares of MDA Space from C$30.00 to C$31.00 in a research report on Monday, November 18th. Finally, Desjardins raised MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and an average target price of C$27.83.

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.