MDC Partners (MDCA) Sets New 52-Week Low at $1.85
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.
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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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