NCS Multistage (NASDAQ:NCSM) Trading Down 5.1% – What’s Next?

NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s stock price was down 5.1% during mid-day trading on Tuesday . The stock traded as low as $40.99 and last traded at $41.02. Approximately 10,612 shares traded hands during trading, a decline of 27% from the average daily volume of 14,532 shares. The stock had previously closed at $43.23.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NCSM. Singular Research raised NCS Multistage to a “strong-buy” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded NCS Multistage from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCS Multistage in a report on Monday. Finally, Zacks Research downgraded shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

NCS Multistage Stock Performance

The firm has a market capitalization of $104.19 million, a PE ratio of 9.04 and a beta of 0.51. The company has a quick ratio of 2.65, a current ratio of 4.39 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $39.26 and a 200 day moving average of $37.36.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.20. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.The firm had revenue of $46.54 million during the quarter, compared to the consensus estimate of $46.10 million.

Insider Transactions at NCS Multistage

In other NCS Multistage news, Director Robert Nipper sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the director owned 33,455 shares of the company’s stock, valued at $1,338,200. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after acquiring an additional 1,455 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of NCS Multistage during the 2nd quarter valued at $430,000. NewEdge Advisors LLC grew its holdings in shares of NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after purchasing an additional 7,964 shares during the last quarter. Bailard Inc. raised its position in NCS Multistage by 26.1% in the 3rd quarter. Bailard Inc. now owns 8,687 shares of the company’s stock worth $444,000 after purchasing an additional 1,800 shares during the period. Finally, PNC Financial Services Group Inc. lifted 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 worth $44,000 after purchasing an additional 668 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, 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, 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.