Shares of MDC Partners Inc. (NASDAQ:MDCA) 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 trading hands. The stock had previously closed at $12.34.

A number of equities analysts have issued reports on MDCA shares. Zacks Investment Research upgraded shares of MDC Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, July 28th. BMO Capital Markets restated a “buy” rating and set a $26.00 target price on shares of MDC Partners in a research report on Wednesday, July 6th. Albert Fried & Company restated a “buy” rating and set a $23.00 target price on shares of MDC Partners in a research report on Sunday, July 3rd. Jefferies Group restated a “buy” rating and set a $24.00 target price on shares of MDC Partners in a research report on Thursday, May 5th. Finally, Telsey Advisory Group cut shares of MDC Partners from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $28.50 to $22.00 in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.38.

The stock has a 50-day moving average price of $14.81 and a 200 day moving average price of $18.58. The firm’s market capitalization is $652.30 million.

MDC Partners (NASDAQ:MDCA) last issued its earnings results on Thursday, July 28th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.13. During the same quarter last year, the business earned $0.59 earnings per share. The business had revenue of $337.05 million for the quarter, compared to the consensus estimate of $346.02 million. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts expect that MDC Partners Inc. will post $0.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.21 per share. The ex-dividend date was Monday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 6.81%.

In other news, CEO Scott L. Kauffman purchased 5,000 shares of the stock in a transaction dated Monday, August 29th. The stock was acquired at an average price of $12.19 per share, for a total transaction of $60,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.