MDC Partners (MDCA) Shares Up 7.5%
Shares of MDC Partners Inc (NASDAQ:MDCA) shot up 7.5% during mid-day trading on Wednesday . The company traded as high as $9.70 and last traded at $9.60. 517,228 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 296,127 shares. The stock had previously closed at $8.93.
A number of research firms have recently issued reports on MDCA. BidaskClub upgraded MDC Partners from a “strong sell” rating to a “sell” rating in a report on Friday, February 9th. Zacks Investment Research upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Co restated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a report on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. MDC Partners has an average rating of “Hold” and an average price target of $11.83.
The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94. The firm has a market cap of $525.24, a price-to-earnings ratio of 27.91, a PEG ratio of 2.46 and a beta of 1.25.
ILLEGAL ACTIVITY WARNING: This story was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://theolympiareport.com/2018/02/14/mdc-partners-mdca-shares-up-7-5.html.
MDC Partners Company Profile
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
Receive News & Ratings for MDC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners and related companies with MarketBeat.com's FREE daily email newsletter.