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

NCS Multistage (NASDAQ:NCSM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

NCS Multistage Stock Down 3.7%

NCSM stock opened at $30.81 on Thursday. The stock’s fifty day simple moving average is $31.28 and its two-hundred day simple moving average is $28.32. The company has a current ratio of 4.50, a quick ratio of 2.63 and a debt-to-equity ratio of 0.06. NCS Multistage has a 1-year low of $15.90 and a 1-year high of $38.95. The stock has a market cap of $78.29 million, a P/E ratio of 1.81 and a beta of 0.66.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.72. NCS Multistage had a return on equity of 2.60% and a net margin of 27.99%. The business had revenue of $50.01 million for the quarter, compared to analysts’ expectations of $44.40 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its position in NCS Multistage by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,034 shares of the company’s stock worth $520,000 after purchasing an additional 892 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NCS Multistage by 56.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company’s stock valued at $71,000 after buying an additional 982 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NCS Multistage by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company’s stock valued at $355,000 after buying an additional 1,689 shares during the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of NCS Multistage by 3.1% during the 4th quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company’s stock valued at $3,705,000 after buying an additional 4,345 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of NCS Multistage during the 1st quarter valued at $249,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.