MDA (TSE:MDA) Stock Price Up 2.4%

Posted by on Apr 9th, 2023

Shares of MDA Ltd. (TSE:MDA – Get Rating) traded up 2.4% during trading on Friday . The stock traded as high as C$6.94 and last traded at C$6.91. 449,400 shares were traded during mid-day trading, an increase of 271% from the average session volume of 120,982 shares. The stock had previously closed at C$6.75.

MDA Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.00 and a debt-to-equity ratio of 25.17. The stock has a market cap of C$822.77 million and a price-to-earnings ratio of 34.55. The stock’s 50-day simple moving average is C$7.25 and its 200-day simple moving average is C$6.86.

MDA (TSE:MDA – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported C($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.55) by C($0.94). The firm had revenue of C$442.61 million for the quarter, compared to analyst estimates of C$591.92 million. MDA had a return on equity of 2.68% and a net margin of 4.10%. Analysts forecast that MDA Ltd. will post 0.307963 earnings per share for the current fiscal year.

About MDA

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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 provide 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.

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