NCS Multistage (NASDAQ:NCSM) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of NCS Multistage (NASDAQ:NCSM) from a buy rating to a hold rating in a report published on Saturday morning.

Several other research analysts have also recently commented on the stock. Zacks Research cut shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

NCS Multistage Stock Up 1.3%

NCS Multistage stock opened at $40.36 on Friday. The stock has a market capitalization of $105.74 million, a PE ratio of 5.84 and a beta of 0.25. NCS Multistage has a twelve month low of $28.64 and a twelve month high of $87.36. The company has a quick ratio of 3.48, a current ratio of 5.35 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $62.46 and a 200-day moving average of $47.39.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $1.33 by ($1.47). NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%.The business had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million. On average, equities research analysts anticipate that NCS Multistage will post 3.42 EPS for the current fiscal year.

Institutional Trading of NCS Multistage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in NCS Multistage during the fourth quarter worth $34,000. PNC Financial Services Group Inc. raised its position in NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after acquiring an additional 668 shares in the last quarter. Heron Bay Capital Management bought a new stake in NCS Multistage during the third quarter worth $222,000. Bank of New York Mellon Corp bought a new stake in NCS Multistage during the first quarter worth $223,000. Finally, NewEdge Advisors LLC raised its position in NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after acquiring an additional 7,964 shares in the last quarter. 70.91% of the stock is owned by institutional investors.

NCS Multistage Company Profile

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.