M&C Saatchi (LON:SAA) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• M&C Saatchi plc's stock price has recently crossed above its 200-day moving average, which is currently at GBX 175.52 ($2.33).
• The company has a market capitalization of £230.05 million and a price-to-earnings ratio of 20.96, indicating a moderate valuation.
• Insider Zaid Al-Qassab purchased 43,597 shares at an average price of GBX 172 ($2.28), raising insider ownership to 27.48% of the stock.

M&C Saatchi plc (LON:SAA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 175.52 ($2.33) and traded as high as GBX 186.37 ($2.47). M&C Saatchi shares last traded at GBX 184 ($2.44), with a volume of 63,769 shares changing hands.

M&C Saatchi Stock Performance

The stock has a market capitalization of £231.13 million, a P/E ratio of 21.06 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51. The business has a fifty day moving average price of GBX 185.55 and a 200-day moving average price of GBX 175.67.

Insider Buying and Selling

In other news, insider Zaid Al-Qassab purchased 43,597 shares of the stock in a transaction on Friday, May 30th. The stock was bought at an average price of GBX 172 ($2.28) per share, with a total value of £74,986.84 ($99,570.89). 27.48% of the stock is owned by insiders.

About M&C Saatchi

We are a global marketing services business working across a wide variety of industry sectors with a strategy focused on winning new business and starting new businesses.