M&C Saatchi (LON:SAA) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of M&C Saatchi plc (LON:SAA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

M&C Saatchi Stock Performance

The company has a market cap of £238.84 million, a PE ratio of 2,170.64 and a beta of 1.27. The stock’s 50-day simple moving average is GBX 198.78 and its 200 day simple moving average 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 other M&C Saatchi news, insider Zaid Al-Qassab acquired 53,541 shares of the stock in a transaction on Friday, September 27th. The shares were bought at an average price of GBX 187 ($2.44) per share, with a total value of £100,121.67 ($130,741.28). 27.48% of the stock is currently owned by corporate insiders.

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.