M&C Saatchi (LON:SAA) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Posted by Ed Jones on Oct 27th, 2024

M&C Saatchi plc (LON:SAA – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 197.94 ($2.57) and traded as high as GBX 205.18 ($2.66). M&C Saatchi shares last traded at GBX 205 ($2.66), with a volume of 1,334,768 shares changing hands.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on SAA

M&C Saatchi Stock Performance

The stock’s 50-day moving average price is GBX 198.37 and its 200 day moving average price is GBX 198.09. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 187.32. The company has a market cap of £250.63 million, a P/E ratio of 2,277.78 and a beta of 1.27.

Insider Buying and Selling

In other news, insider Zaid Al-Qassab purchased 53,541 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of GBX 187 ($2.43) per share, for a total transaction of £100,121.67 ($129,994.38). Insiders own 27.48% of the company’s stock.

M&C Saatchi Company Profile

(Get Free Report)

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.