Today’s Stock On Watch: Does MDC Partners Inc Have Any Gas After Reaching 1 Year Low?

Today's Stock On Watch: Does MDC Partners Inc Have Any Gas After Reaching 1 Year Low?

The stock of MDC Partners Inc (NASDAQ:MDCA) hit a new 52-week low and has $10.00 target or 7.00% below today’s $10.75 share price. The 7 months bearish chart indicates high risk for the $553.77M company. The 1-year low was reported on Sep, 30 by If the $10.00 price target is reached, the company will be worth $38.76M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 375,566 shares traded hands. MDC Partners Inc (NASDAQ:MDCA) has declined 50.91% since February 26, 2016 and is downtrending. It has underperformed by 61.34% the S&P500.

Analysts await MDC Partners Inc (NASDAQ:MDCA) to report earnings on October, 26. They expect $0.26 earnings per share, up 273.33% or $0.41 from last year’s $-0.15 per share. MDCA’s profit will be $13.39 million for 10.34 P/E if the $0.26 EPS becomes a reality. After $0.02 actual earnings per share reported by MDC Partners Inc for the previous quarter, Wall Street now forecasts 1,200.00% EPS growth.

MDC Partners Inc (NASDAQ:MDCA) Ratings Coverage

Out of 4 analysts covering MDC Partners (NASDAQ:MDCA), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MDC Partners has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Evercore upgraded the shares of MDCA in a report on Monday, March 7 to “Buy” rating. The stock has “Outperform” rating given by Wedbush on Thursday, August 20. The stock has “Outperform” rating given by Wells Fargo on Thursday, April 14. The rating was maintained by Wedbush with “Outperform” on Sunday, September 6. On Tuesday, July 21 the stock rating was upgraded by Piper Jaffray to “Overweight”. The company was initiated on Tuesday, July 28 by Wedbush.

According to Zacks Investment Research, “MDC Partners Inc. is a marketing communications firm providing marketing communication and consulting services throughout the United States, Canada, and the United Kingdom. Its services includes advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion. The Company also provides mobile marketing, and database and customer relationship management services. MDC Corporation Inc. is headquartered in Toronto, Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 0.24, from 1.7 in 2016Q1. The ratio worsened, as 24 funds sold all MDC Partners Inc shares owned while 32 reduced positions. 25 funds bought stakes while 57 increased positions. They now own 53.98 million shares or 1.34% more from 53.26 million shares in 2016Q1.
Moreover, Stoneridge Inv Prtn Ltd Limited Liability Company has 0.41% invested in MDC Partners Inc (NASDAQ:MDCA) for 148,579 shares. Palo Cap last reported 39,244 shares in the company. National Bank & Trust Of New York Mellon last reported 0% of its portfolio in the stock. Rhumbline Advisers reported 56,816 shares or 0% of all its holdings. Gotham Asset Lc accumulated 0.01% or 26,506 shares. 1St Glob Advsr, a Texas-based fund reported 14,267 shares. Citigroup last reported 0% of its portfolio in the stock. Invesco Ltd owns 5.13M shares or 0.03% of their US portfolio. Td Asset reported 235,600 shares or 0.01% of all its holdings. Croft last reported 30,228 shares in the company. Tcs Cap Lc holds 1.1% of its portfolio in MDC Partners Inc (NASDAQ:MDCA) for 100,000 shares. Employees Retirement Of Texas accumulated 450,500 shares or 0.11% of the stock. Fifth Third Bank & Trust has 0% invested in the company for 359 shares. Da Davidson And Co has 14,244 shares for 0.01% of their US portfolio. Barclays Plc has 0% invested in the company for 3,174 shares.

Insider Transactions: Since August 4, 2016, the stock had 4 insider buys, and 0 selling transactions for $346,000 net activity. Kauffman Scott L bought $138,600 worth of MDC Partners Inc (NASDAQ:MDCA) on Thursday, August 4. Gendel Mitchell bought $13,750 worth of stock or 1,000 shares.

More notable recent MDC Partners Inc (NASDAQ:MDCA) news were published by: which released: “Why MDC Partners Inc Stock Plummeted Today” on July 29, 2016, also with their article: “Mdc Partners Inc (MDCA) CEO Scott L Kauffman Bought $132700 of Stocks” published on August 13, 2016, published: “Ad firm MDC Partners plunges after short seller says it’s worth $1” on April 29, 2016. More interesting news about MDC Partners Inc (NASDAQ:MDCA) were released by: and their article: “MDC Partners’ New CEO Tries to Turn the Page After Tumultuous Stretch” published on February 26, 2016 as well as‘s news article titled: “MDC Partners Appoints Dan Goldberg as Independent Director to its Board” with publication date: June 20, 2016.

MDCA Company Profile

MDC Partners Inc., incorporated on April 1, 2013, is a well-known provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications.

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