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Stock Investors Bid Up Shares of MDC Partners, Up 1.9%

Published on Tue, 02/05/2013 - 11:29
By Mallory Stone

MDC Partners (NASDAQ:MDCA), a company whose shares are moving quickly, is trading 1.9% higher to $13.00. The S&P is currently trading 0.9% higher to 1,509 and the Dow Jones Industrial Average is trading 0.8% higher to 13,996.

In the past 52 weeks, MDC Partners share prices have been bracketed by a low of $9.24 and a high of $20.99 and are now at $13.00, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.4%.

MDC Partners Inc. is a marketing communications firm. The Company provides advertising and specialized communication services to brands throughout the United States, Canada, and the United Kingdom.

Potential upside of 34.6% exists for MDC Partners, based on a current level of $13.00 and analysts' average consensus price target of $17.50. MDC Partners shares have support at the 50-day moving average (MA) of $11.26 and additional support at the 200-day MA of $10.64.

By Mallory Stone
mstone@fnno.com

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