NCS Multistage (NASDAQ:NCSM) Trading Up 0.5% – What’s Next?

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) shares rose 0.5% during mid-day trading on Thursday . The stock traded as high as $46.06 and last traded at $45.47. 5,372 shares traded hands during trading, a decline of 86% from the average daily volume of 37,472 shares. The stock had previously closed at $45.26.

Analyst Ratings Changes

A number of research analysts recently weighed in on NCSM shares. Wall Street Zen cut shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Zacks Research cut shares of NCS Multistage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NCS Multistage Stock Down 2.3%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 5.35. The company has a market cap of $116.43 million, a price-to-earnings ratio of 6.43 and a beta of 0.17. The business has a 50-day simple moving average of $53.17 and a 200-day simple moving average of $49.66.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%.The company had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million. On average, equities analysts anticipate that NCS Multistage Holdings, Inc. will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NCS Multistage

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of NCS Multistage by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after purchasing an additional 411 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in NCS Multistage by 342.6% in the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after buying an additional 668 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in NCS Multistage in the fourth quarter valued at $34,000. Empowered Funds LLC lifted its holdings in NCS Multistage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after buying an additional 1,042 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of NCS Multistage by 3.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after acquiring an additional 1,042 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

About NCS Multistage

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.