The stock of MDC Partners Inc (NASDAQ:MDCA) hit a new 52-week low and has $7.13 target or 13.00% below today’s $8.20 share price. The 9 months bearish chart indicates high risk for the $439.59M company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $7.13 price target is reached, the company will be worth $57.15 million 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 504,027 shares traded hands. MDC Partners Inc (NASDAQ:MDCA) has declined 64.47% since March 30, 2016 and is downtrending. It has underperformed by 67.48% the S&P500.
MDC Partners Inc (NASDAQ:MDCA) Ratings Coverage
Out of 5 analysts covering MDC Partners (NASDAQ:MDCA), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. MDC Partners has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Wedbush maintained MDC Partners Inc (NASDAQ:MDCA) on Sunday, September 6 with “Outperform” rating. The firm earned “Sector Perform” rating on Friday, October 7 by RBC Capital Markets. The rating was initiated by Wedbush with “Outperform” on Tuesday, July 28. The rating was upgraded by Piper Jaffray on Tuesday, July 21 to “Overweight”. The firm has “Outperform” rating given on Thursday, April 14 by Wells Fargo. The rating was maintained by Wedbush with “Outperform” on Thursday, August 20. The firm has “Buy” rating by Evercore given on Monday, March 7.
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 turned negative, 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.
The New York-based Tower Rech Ltd Llc (Trc) has invested 0% in MDC Partners Inc (NASDAQ:MDCA). Swiss Savings Bank reported 78,300 shares or 0% of all its holdings. Moreover, Point72 Asset Management Lp has 0.03% invested in MDC Partners Inc (NASDAQ:MDCA) for 251,700 shares. Marshall Wace Llp accumulated 0% or 10,617 shares. Metropolitan Life Insurance Ny accumulated 37,583 shares or 0.01% of the stock. Select Equity Gp Limited Partnership has 344,121 shares for 0% of their US portfolio. Moreover, Adage Prns Grp Limited Liability Company has 0.05% invested in MDC Partners Inc (NASDAQ:MDCA) for 1.01 million shares. Stonebridge Capital Mgmt Inc holds 0.09% or 11,230 shares in its portfolio. Thrivent For Lutherans has invested 0.05% of its portfolio in MDC Partners Inc (NASDAQ:MDCA). Nicholas Prns Limited Partnership owns 193,046 shares or 0.24% of their US portfolio. Suntrust Banks owns 52,351 shares or 0.01% of their US portfolio. Northern Trust Corporation last reported 1.09 million shares in the company. Alphamark Advisors Limited Liability Com owns 43,136 shares or 0.47% of their US portfolio. Pnc Fincl Group Inc last reported 246 shares in the company. Moreover, Diam has 0.01% invested in MDC Partners Inc (NASDAQ:MDCA) for 24,800 shares.
Insider Transactions: Since August 4, 2016, the stock had 4 insider buys, and 0 insider sales for $346,000 net activity. $60,950 worth of shares were bought by Kauffman Scott L on Monday, August 29. Gendel Mitchell had bought 1,000 shares worth $13,750 on Monday, August 8.
More notable recent MDC Partners Inc (NASDAQ:MDCA) news were published by: Fool.com which released: “Why MDC Partners Inc Stock Plummeted Today” on July 29, 2016, also Prnewswire.com with their article: “MDC Partners Names Ryan Linder Chief Marketing Officer, U.S.” published on October 05, 2016, Prnewswire.com published: “MDC Partners Announces Dismissal of Class Action Shareholder Lawsuit” on October 05, 2016. More interesting news about MDC Partners Inc (NASDAQ:MDCA) were released by: Prnewswire.com and their article: “MDC Partners Appoints Randy Duax as Senior Vice President, Talent and Recruiting” published on October 06, 2016 as well as Cnbc.com‘s news article titled: “Ad firm MDC Partners plunges after short seller says it’s worth $1” with publication date: April 29, 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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