NCS Multistage Holdings Inc (NASDAQ:NCSM) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.10.
Several brokerages have issued reports on NCSM. ValuEngine downgraded shares of NCS Multistage from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.
NCSM stock opened at $2.23 on Friday. NCS Multistage has a twelve month low of $1.56 and a twelve month high of $7.45. The stock has a market capitalization of $104.39 million, a price-to-earnings ratio of 11.15 and a beta of 2.68. The company has a quick ratio of 2.45, a current ratio of 3.87 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $2.51.
NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $60.77 million for the quarter, compared to analysts’ expectations of $59.77 million. NCS Multistage had a negative return on equity of 7.84% and a negative net margin of 115.05%. As a group, equities research analysts expect that NCS Multistage will post -0.26 EPS for the current year.
In other NCS Multistage news, President Marty Stromquist bought 12,203 shares of NCS Multistage stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $2.25 per share, for a total transaction of $27,456.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of NCS Multistage by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock worth $294,000 after acquiring an additional 7,677 shares during the period. Outlook Wealth Advisors LLC bought a new position in NCS Multistage in the second quarter worth approximately $37,000. Bank of New York Mellon Corp grew its stake in NCS Multistage by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock worth $331,000 after purchasing an additional 13,296 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in NCS Multistage by 9.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 150,182 shares of the company’s stock worth $533,000 after purchasing an additional 13,537 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in NCS Multistage during the 2nd quarter worth $60,000. Institutional investors and hedge funds own 87.97% 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 field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
Recommended Story: What is the Federal Reserve?
Receive News & Ratings for NCS Multistage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage and related companies with MarketBeat.com's FREE daily email newsletter.