MDC Partners Inc (NASDAQ:MDCA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.51 and traded as high as $2.64. MDC Partners shares last traded at $2.63, with a volume of 46,893 shares traded.

The stock’s 50 day moving average price is $2.36 and its two-hundred day moving average price is $2.51.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.01 earnings per share 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.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of MDC Partners by 204.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,685 shares of the business services provider’s stock worth $26,000 after purchasing an additional 7,853 shares in the last quarter. Kings Point Capital Management purchased a new position in shares of MDC Partners during the 2nd quarter worth approximately $66,000. Walleye Trading LLC purchased a new position in shares of MDC Partners during the 2nd quarter worth approximately $78,000. Walleye Trading Advisors LLC purchased a new position in shares of MDC Partners during the 2nd quarter worth approximately $81,000. Finally, HighTower Advisors LLC increased its stake 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. 68.88% of the stock is owned by institutional investors and hedge funds.

MDC Partners Company Profile (NASDAQ:MDCA)

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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