M&C Saatchi (LON:SAA) Share Price Passes Above 200 Day Moving Average of $168.64

M&C Saatchi plc (LON:SAA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 168.64 ($2.14) and traded as high as GBX 207 ($2.63). M&C Saatchi shares last traded at GBX 207 ($2.63), with a volume of 160,223 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “not rated” rating on shares of M&C Saatchi in a research note on Thursday, May 16th.

M&C Saatchi Price Performance

The firm has a 50-day moving average of GBX 186.54 and a 200-day moving average of GBX 169.20. The stock has a market cap of £250.63 million, a PE ratio of -6,833.33 and a beta of 1.28. The company has a debt-to-equity ratio of 221.38, a current ratio of 0.92 and a quick ratio of 0.93.

M&C Saatchi Increases Dividend

The business also recently disclosed 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 is a positive change from M&C Saatchi’s previous dividend of $1.50. This represents a yield of 0.91%. The ex-dividend date is Thursday, May 9th. M&C Saatchi’s dividend payout ratio (DPR) is -10,000.00%.

Insider Activity

In related news, insider Christopher Paul Sweetland bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average cost of GBX 184 ($2.34) per share, with a total value of £36,800 ($46,771.73). Company insiders own 28.01% of the company’s stock.

M&C Saatchi Company Profile

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.