NCS Multistage (NASDAQ:NCSM) Shares Up 4.7%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s share price shot up 4.7% during trading on Monday . The company traded as high as $16.50 and last traded at $16.48. 5,157 shares traded hands during trading, a decline of 5% from the average session volume of 5,435 shares. The stock had previously closed at $15.74.

NCS Multistage Stock Up 4.7 %

The business has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $19.31. The firm has a market cap of $40.21 million, a price-to-earnings ratio of -0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.69 and a quick ratio of 2.34.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Monday, July 31st. The company reported ($2.50) EPS for the quarter. NCS Multistage had a negative net margin of 26.13% and a positive return on equity of 0.14%. The firm had revenue of $25.39 million for the quarter. As a group, equities analysts forecast that NCS Multistage Holdings, Inc. will post 3.47 EPS for the current fiscal year.

Hedge Funds Weigh In On NCS Multistage

A number of hedge funds have recently made changes to their positions in the company. EA Series Trust acquired a new position in shares of NCS Multistage during the second quarter valued at approximately $235,000. Renaissance Technologies LLC increased its holdings in shares of NCS Multistage by 15.0% in the first quarter. Renaissance Technologies LLC now owns 9,226 shares of the company’s stock valued at $219,000 after purchasing an additional 1,200 shares during the last quarter. BlackRock Inc. increased its holdings in shares of NCS Multistage by 37.9% in the first quarter. BlackRock Inc. now owns 6,982 shares of the company’s stock valued at $165,000 after purchasing an additional 1,918 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NCS Multistage by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 15,910 shares of the company’s stock valued at $377,000 after purchasing an additional 1,766 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in shares of NCS Multistage in the fourth quarter valued at approximately $225,000. Institutional investors and hedge funds own 71.89% of the company’s stock.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, RP single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.