MDC Partners (NASDAQ:MDCA) Raised to Hold at ValuEngine

ValuEngine upgraded shares of MDC Partners (NASDAQ:MDCA) from a sell rating to a hold rating in a research report sent to investors on Monday morning, ValuEngine reports.

Shares of NASDAQ:MDCA traded down $0.02 during midday trading on Monday, reaching $2.85. 149,700 shares of the company’s stock traded hands, compared to its average volume of 385,126. MDC Partners has a 1 year low of $1.65 and a 1 year high of $3.53. The company has a fifty day simple moving average of $2.91 and a two-hundred day simple moving average of $2.66.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). The firm had revenue of $362.13 million during the quarter.

Several large investors have recently made changes to their positions in MDCA. Kings Point Capital Management purchased a new position in shares of MDC Partners during the 2nd quarter valued at approximately $66,000. Walleye Trading LLC purchased a new position in MDC Partners in the 2nd quarter valued at $78,000. Walleye Trading Advisors LLC purchased a new position in MDC Partners in the 2nd quarter valued at $81,000. HighTower Advisors LLC lifted its holdings in MDC Partners by 381.0% in the 2nd quarter. HighTower Advisors LLC now owns 60,987 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 48,309 shares in the last quarter. Finally, Lorber David A lifted its holdings in MDC Partners by 17.5% in the 2nd quarter. Lorber David A now owns 92,764 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 13,791 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

MDC Partners Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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