M&C Saatchi (LON:SAA) Stock Price Crosses 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 - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 175.97 ($2.36) 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 changing hands.

M&C Saatchi Stock Performance

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 stock has a market capitalization of £213.83 million, a P/E ratio of 19.49 and a beta of 1.27. The firm's 50 day simple moving average is GBX 187.37 and its two-hundred day simple moving average is GBX 175.91.

Insiders Place Their Bets

In related news, insider Zaid Al-Qassab purchased 43,597 shares of the firm's stock in a transaction 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 ($100,721.07). Company insiders own 27.48% of the company's stock.

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.