NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Large Increase in Short Interest

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,098 shares, an increase of 365.8% from the April 15th total of 3,885 shares. Based on an average daily volume of 47,653 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

NCSM has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NCS Multistage presently has a consensus rating of “Buy”.

NCS Multistage Trading Down 2.4%

NASDAQ:NCSM opened at $41.04 on Wednesday. NCS Multistage has a one year low of $28.64 and a one year high of $87.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 5.35. The firm has a market cap of $107.52 million, a P/E ratio of 5.94 and a beta of 0.25. The firm has a 50-day simple moving average of $62.55 and a 200-day simple moving average of $47.39.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly 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 net margin of 10.78% and a return on equity of 6.58%. The business had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. Equities analysts anticipate that NCS Multistage will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On NCS Multistage

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of NCS Multistage by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company’s stock valued at $1,484,000 after purchasing an additional 2,949 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NCS Multistage in the 1st quarter valued at about $223,000. NewEdge Advisors LLC raised its holdings in shares of NCS Multistage by 46.5% in the 4th quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock valued at $410,000 after purchasing an additional 3,296 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of NCS Multistage by 5.5% in the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock valued at $784,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of NCS Multistage by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock valued at $1,179,000 after purchasing an additional 1,042 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

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.