M&C Saatchi (LON:SAA) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of M&C Saatchi plc (LON:SAA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 196.50 ($2.57) and traded as high as GBX 201 ($2.62). M&C Saatchi shares last traded at GBX 197 ($2.57), with a volume of 356,739 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of M&C Saatchi in a report on Friday, July 5th.

M&C Saatchi Trading Down 1.8 %

The firm has a market capitalization of £238.84 million, a PE ratio of 2,170.64 and a beta of 1.27. The company’s 50-day moving average price is GBX 198.78 and its 200-day moving average price is GBX 196.83. The company has a debt-to-equity ratio of 187.32, a quick ratio of 0.93 and a current ratio of 1.07.

Insider Buying and Selling

In related news, insider Zaid Al-Qassab bought 53,541 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 187 ($2.44) per share, with a total value of £100,121.67 ($130,741.28). 27.48% of the stock is owned by company insiders.

About M&C Saatchi

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.