MDC Partners Inc (NASDAQ:MDCA) Director Desiree G. Rogers bought 23,820 shares of MDC Partners stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost of $2.17 per share, for a total transaction of $51,689.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:MDCA traded down $0.07 during trading on Friday, reaching $2.09. The stock had a trading volume of 156,567 shares, compared to its average volume of 622,340. MDC Partners Inc has a 52 week low of $1.65 and a 52 week high of $8.65.
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 analysts’ consensus estimates of $0.31 by ($1.79). MDC Partners had a negative return on equity of 0.82% and a negative net margin of 8.54%. The firm had revenue of $393.60 million for the quarter, compared to the consensus estimate of $394.10 million. During the same period in the prior year, the business earned $0.22 EPS. MDC Partners’s quarterly revenue was down 2.3% on a year-over-year basis.
A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets lowered shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 target price on the stock. in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.27.
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About MDC Partners
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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