NCS Multistage (NCSM) Hits New 52-Week Low at $12.54

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NCS Multistage Holdings Inc (NASDAQ:NCSM) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.54 and last traded at $12.65, with a volume of 149236 shares traded. The stock had previously closed at $13.27.

Several equities research analysts have issued reports on NCSM shares. BidaskClub raised NCS Multistage from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 27th. Zacks Investment Research cut NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Royal Bank of Canada reissued a “buy” rating and set a $19.00 target price on shares of NCS Multistage in a research note on Thursday, August 9th. ValuEngine raised NCS Multistage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Wells Fargo & Co raised their target price on NCS Multistage from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.86.

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.74 and a quick ratio of 2.73. The company has a market capitalization of $568.10 million, a PE ratio of 57.65 and a beta of 0.77.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). NCS Multistage had a net margin of 3.16% and a return on equity of 2.80%. The firm had revenue of $43.40 million during the quarter, compared to analyst estimates of $48.65 million. On average, research analysts anticipate that NCS Multistage Holdings Inc will post 0.51 earnings per share for the current fiscal year.

In other news, CAO Wade Bitter sold 12,750 shares of NCS Multistage stock in a transaction on Monday, August 13th. The stock was sold at an average price of $16.27, for a total value of $207,442.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 13,650 shares of company stock valued at $222,083 over the last ninety days. Insiders own 11.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NCSM. FMR LLC grew its stake in shares of NCS Multistage by 18.1% in the second quarter. FMR LLC now owns 4,311,228 shares of the company’s stock valued at $62,642,000 after buying an additional 661,076 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in NCS Multistage in the second quarter valued at $4,939,000. Foundry Partners LLC purchased a new position in NCS Multistage in the second quarter valued at $3,825,000. Boston Partners purchased a new position in NCS Multistage in the second quarter valued at $2,833,000. Finally, Sapience Investments LLC boosted its holdings in NCS Multistage by 30.8% in the second quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock valued at $10,392,000 after purchasing an additional 168,366 shares during the period. 95.82% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Company Profile (NASDAQ:NCSM)

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 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.

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