Notable Stock to Watch: MDC Partners Inc. (NASDAQ:MDCA) announces Chief Operating Officer

MDC Partners Inc. (NASDAQ:MDCA) changed -3.03% to recent value of $3.2. The stock transacted 314919 shares during most recent day however it has an average volume of 689.12K shares. It spotted trading -46.67% off 52-week high price. On the other end, the stock has been noted 93.94% away from the low price over the last 52-weeks.

MDC Partners Inc. (NASDAQ:MDCA) announced the appointment of Seth Gardner to the newly created role of Chief Operating Officer, effective June 17, 2019. In this role, Mr. Gardner will oversee the network’s operations, real estate portfolio, IT, human resources and benefits, as well as centralized resources, creating deeper collaborative support for the MDC Partners agencies. Mr. Gardner joins the company’s newly appointed Chief Financial Officer Frank Lanuto and General Counsel Jonathan Mirsky, announced earlier this month.

“As we work to successfully operationalize MDC’s central resources and build out best-in-class shared services, Seth’s cross-functional skills and expertise will be invaluable,” said Mark Penn, Chairman and CEO of MDC Partners. “At the same time, he brings a unique background in education, professional experience and leadership development, offering tremendous insights into the single most valuable asset in our network: our talent.”

Mr. Gardner joins MDC Partners from The Carlyle Group, where he served as Managing Director, Chief Operating Officer & Chief Legal Officer of the firm’s credit division. In this role, he managed an array of operational, IT, accounting, and legal functions, driving the segment’s strategic direction and execution of business objectives.

Previously, Mr. Gardner was a Managing Director at Cerberus Capital Management, where he was responsible for sourcing, structuring and managing private equity investments. Mr. Gardner also previously served as the founding Executive Director of the Center for Financial Excellence at the Fuqua School of Business at Duke University. Mr. Gardner started his career as an attorney at Wachtell, Lipton, Rosen & Katz.

“MDC Partners is an exceptional, talent-rich organization,” said Mr. Gardner. “I am excited to be working with Mark, the MDC management team and MDC Partner agencies.” MDCA has a gross margin of 33.30% and an operating margin of 2.70% while its profit margin remained -7.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -221.80% for this year while earning per share for the next 5-years is expected to reach at 6.00%.

The company has 72.55M of outstanding shares and 58.78M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 23.41% from the mean of 20 days, 40.62% from mean of 50 days SMA and performed 3.27% from mean of 200 days price. Company’s performance for the week was 2.24%, 60.80% for month and YTD performance remained 22.61%.

Samuel Dinger

Samuel Dinger joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Samuel is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 1116 Christie Way, Cambridge, Massachusetts Email: Samuel@newscontrol.info

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