NCS Multistage (NASDAQ:NCSM) Upgraded to “Strong-Buy” at Singular Research

NCS Multistage (NASDAQ:NCSM) was upgraded by Singular Research to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on NCSM. Weiss Ratings restated a “hold (c-)” rating on shares of NCS Multistage in a report on Wednesday, October 8th. Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen cut NCS Multistage from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NCS Multistage has a consensus rating of “Moderate Buy”.

NCS Multistage Stock Performance

Shares of NCSM opened at $37.33 on Tuesday. The company has a 50-day moving average of $43.86 and a two-hundred day moving average of $36.09. The stock has a market cap of $94.86 million, a price-to-earnings ratio of 8.22 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 2.83. NCS Multistage has a one year low of $20.00 and a one year high of $53.69.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.17 by $0.20. NCS Multistage had a net margin of 6.89% and a return on equity of 12.27%. The business had revenue of $46.54 million during the quarter, compared to the consensus estimate of $46.10 million.

Insiders Place Their Bets

In other NCS Multistage news, Director Robert Nipper sold 3,147 shares of NCS Multistage stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total value of $125,880.00. Following the completion of the sale, the director directly owned 88,596 shares in the company, valued at $3,543,840. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Advisors LLC acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at $430,000. NewEdge Advisors LLC raised its holdings in NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after buying an additional 7,964 shares in the last quarter. Bailard Inc. bought a new position in NCS Multistage during the first quarter valued at about $249,000. GSA Capital Partners LLP acquired a new stake in shares of NCS Multistage in the third quarter worth about $296,000. Finally, Empowered Funds LLC boosted its stake in shares of NCS Multistage by 7.3% during the 1st 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. Institutional investors own 70.91% of the company’s stock.

About NCS Multistage

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.