Notable Downgrades: MDC Partners Inc. (MDCA), Applied Materials (AMAT), Medidata (MDSO), Amkor Technology (AMKR)

Analysts at Albert Fried downgraded MDC Partners Inc. (MDCA) from ‘Overweight‘ to ‘Market Perform‘ in a research report issued to clients on Tuesday.

On valuation measures, MDC Partners Inc. Cl A stock it’s trading at a forward P/E multiple of 21.03x. The t-12-month revenue at MDC Partners Inc. is $1.22 billion. MDCA ‘s ROA for the same period is 4.24.

Shares of the $953.89 million market cap company are up 19.51% year-over-year and 24.14% year-to-date.

MDC Partners Inc., currently with a median Wall Street price target of $30.00 and a high target of $35.00, plunged $9.09, or 32.13%, to $18.89 in recent trading. The marketing communications services provider disclosed Monday afternoon in its Q1/15 earnings report a SEC investigation into the expenses of CEO Miles Nadal, who agreed to pay back to the company $8.6 million. Additionally, MDC further disclosed that it incurred approximately $5.8 million in legal fees and other related expenses relating to the SEC inquiry.

The chart below shows where the equity has traded over the past 52-weeks.

Applied Materials, Inc. (AMAT) was downgraded from ‘Buy‘ to ‘Neutral‘ at Nomura.

Shares have traded today between $20.05 and $20.49 with the price of the stock fluctuating between $18.48 to $25.71 over the last 52 weeks.

Applied Materials Inc. shares are currently changing hands at 21.42x this year’s forecasted earnings, compared to the industry’s 18.68x earnings multiple. Ticker has a t-12 price/sales ratio of 2.66. EPS for the same period registers at $0.94.

Shares of AMAT have gained $0.17 to $20.14 in mid-day trading on Tuesday, giving it a market cap of roughly $25 billion. The stock traded as high as $25.71 in Dec. 23, 2014.

Jefferies reported on Tuesday that they have lowered their rating for Medidata Solutions, Inc. (MDSO). The firm has downgraded MDSO from ‘Buy‘ to ‘Hold‘.

Medidata Solutions Inc. recently traded at $55.28, a loss of $2.21 over Monday’s closing price. The name has a current market capitalization of $3.05 billion.

Amkor Technology, Inc. (AMKR) was reiterated a ‘Buy’ by Topeka Capital Markets analysts on Tuesday. The broker also cut its price target on the stock to $9 from $11.

AMKR is down $0.70 at $7.25 on heavy volume. Midway through trading Tuesday, 3.99 million shares of Amkor Technology Inc. have exchanged hands as compared to its average daily volume of 1.20 million shares. The stock ranged in a price between $7.02-$7.61 after having opened the day at $7.49 as compared to the previous trading day’s close of $7.94.

In the past 52 weeks, shares of Tempe, Arizona-based company have traded between a low of $5.77 and a high of $12.27. Shares are up 10.89% year-over-year and 11.83% year-to-date.

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