MDC Partners Inc (NASDAQ:MDCA)’s stock price was up 6.8% on Friday . The stock traded as high as $2.55 and last traded at $2.52, approximately 318,146 shares changed hands during trading. A decline of 16% from the average daily volume of 377,634 shares. The stock had previously closed at $2.36.
Separately, ValuEngine upgraded MDC Partners from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
The stock’s 50 day simple moving average is $2.72 and its two-hundred day simple moving average is $2.66.
Several institutional investors have recently modified their holdings of the company. Lorber David A lifted its stake in MDC Partners by 17.5% during the second quarter. Lorber David A now owns 92,764 shares of the business services provider’s stock worth $234,000 after purchasing an additional 13,791 shares during the period. State Street Corp raised its holdings in shares of MDC Partners by 1.5% in the 3rd quarter. State Street Corp now owns 937,385 shares of the business services provider’s stock worth $2,643,000 after buying an additional 14,213 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of MDC Partners by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 168,127 shares of the business services provider’s stock worth $424,000 after buying an additional 14,524 shares during the period. BlackRock Inc. lifted its position in shares of MDC Partners by 0.8% during the 2nd quarter. BlackRock Inc. now owns 2,798,335 shares of the business services provider’s stock worth $7,051,000 after buying an additional 22,812 shares during the period. Finally, Northern Trust Corp lifted its position in shares of MDC Partners by 4.7% during the 2nd quarter. Northern Trust Corp now owns 561,832 shares of the business services provider’s stock worth $1,416,000 after buying an additional 25,071 shares during the period. Institutional investors and hedge funds own 66.39% of the company’s stock.
About MDC Partners (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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