NCS Multistage (NASDAQ:NCSM) Rating Increased to Hold at Zacks Research

NCS Multistage (NASDAQ:NCSM) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on NCSM. Wall Street Zen cut shares of NCS Multistage from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

NCS Multistage Price Performance

NCS Multistage stock opened at $44.59 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.35 and a quick ratio of 3.48. The business has a 50 day simple moving average of $50.78 and a 200-day simple moving average of $49.77. NCS Multistage has a 12 month low of $29.26 and a 12 month high of $87.36. The stock has a market capitalization of $117.05 million, a PE ratio of 6.45 and a beta of 0.16.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). The firm had revenue of $45.64 million during the quarter, compared to analysts’ expectations of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. Equities analysts predict that NCS Multistage will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Truffle Hound Capital LLC acquired a new stake in shares of NCS Multistage in the fourth quarter valued at about $1,462,000. Bridgeway Capital Management LLC grew its position in NCS Multistage by 3.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after buying an additional 1,042 shares during the period. Dimensional Fund Advisors LP grew its position in NCS Multistage by 14.0% during the first quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company’s stock worth $1,484,000 after buying an additional 2,949 shares during the period. UBS Group AG increased its holdings in NCS Multistage by 9,535.4% in the third quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after buying an additional 23,457 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after buying an additional 1,455 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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.