M&C Saatchi (LON:SAA) Stock Breaks Below 200-Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 134.51 and traded as low as GBX 114.99. M&C Saatchi shares last traded at GBX 115.50, with a volume of 191,151 shares.

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on shares of M&C Saatchi from GBX 195 to GBX 175 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, M&C Saatchi has an average rating of “Moderate Buy” and a consensus target price of GBX 163.50.

M&C Saatchi Price Performance

The company has a fifty day simple moving average of GBX 135.56 and a two-hundred day simple moving average of GBX 134.51. The company has a debt-to-equity ratio of 185.24, a quick ratio of 0.93 and a current ratio of 1.12. The company has a market capitalization of £137.31 million, a price-to-earnings ratio of -13.75 and a beta of 0.55.

M&C Saatchi (LON:SAA) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (3.52) earnings per share for the quarter. M&C Saatchi had a negative return on equity of 32.44% and a negative net margin of 3.00%.

About M&C Saatchi

We are a global marketing services business working across a wide variety of industry sectors with a strategy focused on winning new business and starting new businesses.