Shares of MDCA stock traded up $0.06 on Monday, reaching $2.93. The stock had a trading volume of 168,028 shares, compared to its average volume of 391,526. The firm’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.57. MDC Partners has a 12 month low of $1.65 and a 12 month high of $3.53.
MDC Partners (NASDAQ:MDCA) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.12). The firm had revenue of $362.13 million for the quarter.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kings Point Capital Management acquired a new position in shares of MDC Partners during the 2nd quarter worth approximately $66,000. Walleye Trading LLC acquired a new position in shares of MDC Partners during the 2nd quarter worth approximately $78,000. Walleye Trading Advisors LLC acquired a new position in shares of MDC Partners during the 2nd quarter worth approximately $81,000. HighTower Advisors LLC grew its position in shares of MDC Partners by 381.0% during the 2nd quarter. HighTower Advisors LLC now owns 60,987 shares of the business services provider’s stock worth $154,000 after purchasing an additional 48,309 shares in the last quarter. Finally, Lorber David A grew its position in shares of MDC Partners by 17.5% during the 2nd quarter. Lorber David A now owns 92,764 shares of the business services provider’s stock worth $234,000 after purchasing an additional 13,791 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.
MDC Partners Company Profile
MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.
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