M&C Saatchi (LON:SAA) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Posted by Max Byerly on Oct 26th, 2024

M&C Saatchi plc (LON:SAA – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on SAA

M&C Saatchi Trading Up 1.5 %

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’s fifty day moving average price is GBX 198.37 and its two-hundred day moving average price is GBX 197.94. The firm has a market cap of £250.63 million, a PE ratio of 2,277.78 and a beta of 1.27.

Insider Activity at M&C Saatchi

In other M&C Saatchi news, insider Zaid Al-Qassab purchased 53,541 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 187 ($2.43) per share, for a total transaction of £100,121.67 ($129,994.38). 27.48% of the stock is owned by insiders.

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.