MDC Partners Inc (NASDAQ:MDCA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.85 and last traded at $1.91, with a volume of 33978 shares trading hands. The stock had previously closed at $1.99.

MDCA has been the topic of a number of recent research reports. ValuEngine downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BMO Capital Markets downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 target price for the company. in a research note on Monday, March 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. MDC Partners has an average rating of “Hold” and a consensus target price of $5.93.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Friday, March 15th. The business services provider reported ($1.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($1.79). The firm had revenue of $393.60 million during the quarter, compared to analyst estimates of $394.10 million. MDC Partners had a negative net margin of 8.54% and a negative return on equity of 0.82%. MDC Partners’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the business. RBF Capital LLC acquired a new stake in MDC Partners in the fourth quarter valued at approximately $37,000. Meeder Asset Management Inc. boosted its stake in MDC Partners by 540.9% in the fourth quarter. Meeder Asset Management Inc. now owns 15,624 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 13,186 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in MDC Partners in the fourth quarter valued at approximately $43,000. SG Americas Securities LLC acquired a new stake in MDC Partners in the fourth quarter valued at approximately $68,000. Finally, Paloma Partners Management Co boosted its stake in MDC Partners by 120.9% in the fourth quarter. Paloma Partners Management Co now owns 26,282 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 14,382 shares in the last quarter. Institutional investors own 86.80% of the company’s stock.

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MDC Partners Company Profile (NASDAQ:MDCA)

MDC Partners, Inc engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate.

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