Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) reached a new 52-week low on Wednesday . The company traded as low as $14.25 and last traded at $15.35, with a volume of 195600 shares. The stock had previously closed at $16.94.

A number of analysts have weighed in on NCSM shares. Credit Suisse Group lowered their target price on NCS Multistage from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Royal Bank Of Canada lowered their target price on NCS Multistage from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research upgraded NCS Multistage from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, September 6th. Wells Fargo & Company restated an “outperform” rating and set a $30.00 target price (down previously from $35.00) on shares of NCS Multistage in a report on Wednesday, November 15th. Finally, Raymond James Financial upgraded NCS Multistage from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. NCS Multistage presently has a consensus rating of “Buy” and an average target price of $27.43.

The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. The business had revenue of $55.96 million for the quarter, compared to analysts’ expectations of $58.92 million. analysts forecast that NCS Multistage Holdings Inc will post 0.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Beck Capital Management LLC lifted its holdings in shares of NCS Multistage by 8.6% during the 3rd quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock valued at $771,000 after purchasing an additional 2,525 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NCS Multistage by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 32,455 shares of the company’s stock valued at $781,000 after purchasing an additional 3,000 shares during the last quarter. Strs Ohio lifted its holdings in shares of NCS Multistage by 131.3% during the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock valued at $178,000 after purchasing an additional 4,200 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in shares of NCS Multistage during the 2nd quarter valued at $157,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of NCS Multistage during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.

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NCS Multistage Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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