M&C Saatchi (LON:SAA) Stock Price Crosses Above 200 Day Moving Average of $157.05

Shares of M&C Saatchi plc (LON:SAA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.05 ($1.96) and traded as high as GBX 185.78 ($2.31). M&C Saatchi shares last traded at GBX 182 ($2.27), with a volume of 61,788 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “not rated” rating on shares of M&C Saatchi in a report on Wednesday, April 10th.

M&C Saatchi Stock Performance

The business’s 50-day moving average price is GBX 175.87 and its 200-day moving average price is GBX 157.55. The company has a debt-to-equity ratio of 221.38, a quick ratio of 0.93 and a current ratio of 0.92. The stock has a market cap of £224.96 million, a P/E ratio of -6,133.33 and a beta of 1.30.

M&C Saatchi Increases Dividend

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

M&C Saatchi Company Profile

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