MDC Partners Inc (NASDAQ:MDCA) saw an uptick in trading volume on Thursday . 2,940,216 shares changed 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.
A number of research firms have recently weighed in on MDCA. ValuEngine raised MDC Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. BidaskClub lowered MDC Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research raised MDC Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. MDC Partners currently has a consensus rating of “Hold” and a consensus target price of $7.63.
MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). MDC Partners had a negative return on equity of 0.82% and a net margin of 12.00%. The company had revenue of $375.83 million for the quarter, compared to analysts’ expectations of $373.07 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue was up .0% compared to the same quarter last year.
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About MDC Partners (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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