NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Significant Increase in Short Interest

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,072 shares, an increase of 18.5% from the February 12th total of 905 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 5,604 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 5,604 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NCSM shares. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Wall Street Zen upgraded NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. Finally, Zacks Research upgraded NCS Multistage from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Institutional Investors Weigh In On NCS Multistage

A number of institutional investors and hedge funds have recently bought and sold shares of NCSM. Tucker Asset Management LLC acquired a new stake in NCS Multistage in the 4th quarter valued at about $34,000. PNC Financial Services Group Inc. grew its stake in shares of NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares during the last quarter. Heron Bay Capital Management bought a new stake in shares of NCS Multistage in the 3rd quarter worth approximately $222,000. NewEdge Advisors LLC raised its holdings in shares of NCS Multistage by 3,774.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after purchasing an additional 7,964 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in NCS Multistage during the third quarter valued at approximately $296,000. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Price Performance

NCSM traded up $6.07 during trading on Tuesday, reaching $69.06. The stock had a trading volume of 34,102 shares, compared to its average volume of 28,010. The stock has a 50 day moving average of $42.93 and a two-hundred day moving average of $42.15. The company has a quick ratio of 2.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $176.10 million, a price-to-earnings ratio of 8.07 and a beta of 0.55. NCS Multistage has a 1-year low of $25.09 and a 1-year high of $69.37.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.90. The company had revenue of $50.63 million for the quarter, compared to the consensus estimate of $43.60 million. NCS Multistage had a return on equity of 10.32% and a net margin of 12.93%.

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.