M&C Saatchi (LON:SAA) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

M&C Saatchi plc (LON:SAA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

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

M&C Saatchi Price Performance

The company has a debt-to-equity ratio of 187.32, a current ratio of 1.07 and a quick ratio of 0.93. The company has a market cap of £240.24 million, a PE ratio of 2,188.89 and a beta of 1.27. The company has a 50-day moving average price of GBX 198.75 and a two-hundred day moving average price of GBX 196.50.

Insider Activity

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 stock was purchased at an average price of GBX 187 ($2.44) per share, for a total transaction of £100,121.67 ($130,741.28). Insiders own 27.48% of the company’s stock.

About M&C Saatchi

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.