M&C Saatchi (LON:SAA) Share Price Crosses Above Two Hundred Day Moving Average of $168.64

Shares of M&C Saatchi plc (LON:SAA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 168.64 ($2.14) and traded as high as GBX 207 ($2.63). M&C Saatchi shares last traded at GBX 207 ($2.63), with a volume of 160,223 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “not rated” rating on shares of M&C Saatchi in a research note on Thursday, May 16th.

M&C Saatchi Trading Down 0.5 %

The business has a 50 day simple moving average of GBX 185.92 and a 200-day simple moving average of GBX 168.64. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 221.38. The stock has a market capitalization of £251.86 million, a price-to-earnings ratio of -6,900.00 and a beta of 1.28.

M&C Saatchi Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 9th will be paid a GBX 1.60 ($0.02) dividend. This represents a yield of 0.91%. This is a positive change from M&C Saatchi’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, May 9th. M&C Saatchi’s dividend payout ratio (DPR) is presently -10,000.00%.

Insiders Place Their Bets

In other news, insider Christopher Paul Sweetland acquired 20,000 shares of M&C Saatchi stock in a transaction dated Friday, April 19th. The shares were acquired at an average cost of GBX 184 ($2.34) per share, with a total value of £36,800 ($46,771.73). 28.01% of the stock is owned by corporate insiders.

M&C Saatchi Company Profile

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.