NCS Multistage (NASDAQ:NCSM) Stock Price Up 0.5% – Here’s Why

NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s share price rose 0.5% during trading on Thursday . The company traded as high as $46.06 and last traded at $45.47. 5,372 shares were traded during trading, a decline of 86% from the average session volume of 37,472 shares. The stock had previously closed at $45.26.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wall Street Zen lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Zacks Research downgraded shares of NCS Multistage from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NCS Multistage currently has an average rating of “Hold”.

NCS Multistage Stock Performance

The stock has a market capitalization of $119.13 million, a PE ratio of 6.58 and a beta of 0.17. The stock has a fifty day moving average of $53.70 and a 200-day moving average of $49.69. The company has a quick ratio of 3.48, a current ratio of 5.35 and a debt-to-equity ratio of 0.03.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. The company had revenue of $45.64 million during the quarter, compared to analyst estimates of $51.22 million. Equities analysts anticipate that NCS Multistage Holdings, Inc. will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in 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. NewEdge Advisors LLC lifted its position 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 worth $241,000 after purchasing an additional 7,964 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NCS Multistage by 342.6% during the 3rd 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. GSA Capital Partners LLP acquired a new position in shares of NCS Multistage during the third quarter worth $296,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of NCS Multistage by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock worth $892,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

About NCS Multistage

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.