M&C Saatchi (LON:SAA) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• M&C Saatchi plc's stock price recently crossed above its 200-day moving average at GBX 175.97, indicating potential bullish momentum.
• The company's market capitalization stands at £224.95 million, with a price-to-earnings ratio of 20.50 and a beta of 1.27.
• Insider Zaid Al-Qassab purchased 43,597 shares at an average cost of GBX 172, reflecting confidence in the company's future performance.

M&C Saatchi plc (LON:SAA - )'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 175.97 ($2.37) and traded as high as GBX 192.88 ($2.59). M&C Saatchi shares last traded at GBX 188 ($2.53), with a volume of 99,743 shares traded.

M&C Saatchi Trading Down 3.2%

The company has a 50 day moving average of GBX 187.16 and a 200-day moving average of GBX 175.97. The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07. The stock has a market cap of £224.95 million, a price-to-earnings ratio of 20.50 and a beta of 1.27.

Insider Activity at M&C Saatchi

In other M&C Saatchi news, insider Zaid Al-Qassab purchased 43,597 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of GBX 172 ($2.31) per share, with a total value of £74,986.84 ($100,842.98). Insiders own 27.48% of the company's stock.

M&C Saatchi Company Profile

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.

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