M&C Saatchi (LON:SAA) Stock Price Crosses Above 200 Day Moving Average of $168.64

M&C Saatchi plc (LON:SAA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 168.64 ($2.14) and traded as high as GBX 207 ($2.63). M&C Saatchi shares last traded at GBX 207 ($2.63), with a volume of 160,223 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “not rated” rating on shares of M&C Saatchi in a research note on Thursday, May 16th.

M&C Saatchi Stock Down 1.0 %

The company has a debt-to-equity ratio of 221.38, a current ratio of 0.92 and a quick ratio of 0.93. The company has a market capitalization of £250.63 million, a PE ratio of -6,833.33 and a beta of 1.28. The business’s 50 day simple moving average is GBX 186.54 and its 200 day simple moving average is GBX 169.20.

M&C Saatchi Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 9th will be issued a dividend of GBX 1.60 ($0.02) per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 0.91%. This is an increase from M&C Saatchi’s previous dividend of $1.50. M&C Saatchi’s dividend payout ratio (DPR) is currently -10,000.00%.

Insider Activity

In other M&C Saatchi news, insider Christopher Paul Sweetland purchased 20,000 shares of the stock in a transaction dated Friday, April 19th. The stock was acquired at an average cost of GBX 184 ($2.34) per share, for a total transaction of £36,800 ($46,771.73). Corporate insiders own 28.01% of the company’s stock.

About M&C Saatchi

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.