MDC Partners Inc (NASDAQ:MDCA) shares saw unusually-high trading volume on Thursday . Approximately 2,940,216 shares traded hands during trading, an increase of 493% from the previous session’s volume of 495,639 shares.The stock last traded at $3.28 and had previously closed at $2.50.
MDCA has been the topic of several recent research reports. Zacks Investment Research upgraded MDC Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Finally, BidaskClub cut MDC Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.63.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). MDC Partners had a net margin of 12.00% and a negative return on equity of 0.82%. The business had revenue of $375.83 million during the quarter, compared to analyst estimates of $373.07 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue was up .0% on a year-over-year basis.
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MDC Partners Company Profile (NASDAQ:MDCA)
MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.
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