MDC Partners Inc. (MDCA) Reaches New 12-Month Low at $12.08
MDC Partners Inc. (NASDAQ:MDCA)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $12.08 and last traded at $12.16, with a volume of 209,456 shares changing hands. The stock had previously closed at $12.34.
Several equities analysts have commented on MDCA shares. Zacks Investment Research raised shares of MDC Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, July 28th. Albert Fried & Company reissued a “buy” rating and issued a $23.00 price target on shares of MDC Partners in a research report on Sunday, July 3rd. Wedbush decreased their price target on shares of MDC Partners from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Jefferies Group cut shares of MDC Partners from a “buy” rating to a “hold” rating and decreased their price target for the company from $24.00 to $17.00 in a research report on Friday, July 29th. Finally, Telsey Advisory Group cut shares of MDC Partners from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $28.50 to $22.00 in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.38.
The stock has a 50 day moving average of $14.49 and a 200-day moving average of $18.49. The firm’s market capitalization is $668.03 million.
MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.13. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm had revenue of $337.05 million for the quarter, compared to the consensus estimate of $346.02 million. MDC Partners’s revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that MDC Partners Inc. will post $0.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were paid a $0.21 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 6.73%.
In other MDC Partners news, CEO Scott L. Kauffman acquired 10,000 shares of the stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $13.27 per share, with a total value of $132,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
MDC Partners Inc is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications. It operates through a network of Partner Firms. The Advertising and Communications segment consists of integrated marketing consulting services to Partner Firms that offers advertising, marketing, media, communications solutions, and specialized consumer insights and analytics, including global advertising and marketing services; media buying, planning and optimization; interactive and mobile marketing; direct marketing; public relations; corporate communications; market research; corporate identity and branding services; sales promotion; the design, development, research and implementation of consumer services, and direct marketing services.
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