NCS Multistage (NASDAQ:NCSM) Stock Rating Lowered by Zacks Research

NCS Multistage (NASDAQ:NCSM) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on NCSM. Wall Street Zen cut shares of NCS Multistage from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 19th. Weiss Ratings upgraded shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, NCS Multistage currently has an average rating of “Buy”.

NCS Multistage Price Performance

NASDAQ NCSM opened at $40.93 on Monday. 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 stock has a market capitalization of $107.24 million, a PE ratio of 5.92 and a beta of 0.25. The company has a 50 day moving average price of $62.40 and a two-hundred day moving average price of $47.36. NCS Multistage has a 12-month low of $28.64 and a 12-month high of $87.36.

NCS Multistage (NASDAQ:NCSM) last posted its 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). The business had revenue of $45.64 million during the quarter, compared to analyst estimates of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. As a group, equities analysts predict that NCS Multistage will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NCS Multistage

A number of institutional investors have recently modified their holdings of the company. Truffle Hound Capital LLC bought a new position in NCS Multistage during the fourth quarter worth $1,462,000. Bridgeway Capital Management LLC increased its position in NCS Multistage by 3.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after acquiring an additional 1,042 shares during the period. UBS Group AG increased its position in NCS Multistage by 9,535.4% during the third quarter. UBS Group AG now owns 23,703 shares of the company’s stock worth $1,210,000 after acquiring an additional 23,457 shares during the period. Empowered Funds LLC increased its position in NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after acquiring an additional 1,455 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in NCS Multistage by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,044 shares of the company’s stock worth $832,000 after acquiring an additional 3,571 shares during the period. 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.