NCS Multistage (NCSM) Sets New 1-Year Low at $4.35

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Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) reached a new 52-week low during trading on Wednesday . The company traded as low as $4.35 and last traded at $4.52, with a volume of 6596 shares. The stock had previously closed at $4.70.

A number of analysts recently commented on the stock. ValuEngine raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Wells Fargo & Co restated a “hold” rating on shares of NCS Multistage in a research report on Sunday, January 6th. Citigroup cut their target price on shares of NCS Multistage from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, March 12th. Finally, BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. NCS Multistage presently has a consensus rating of “Hold” and an average price target of $14.08.

The company has a current ratio of 4.47, a quick ratio of 3.19 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $214.68 million, a PE ratio of 22.50 and a beta of 2.14.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $50.19 million for the quarter, compared to analyst estimates of $49.89 million. NCS Multistage had a positive return on equity of 2.68% and a negative net margin of 83.85%. On average, research analysts forecast that NCS Multistage Holdings Inc will post -0.1 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in NCS Multistage by 20.2% during the third quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock worth $15,360,000 after acquiring an additional 156,341 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of NCS Multistage by 420.4% in the third quarter. Dimensional Fund Advisors LP now owns 190,817 shares of the company’s stock valued at $3,150,000 after buying an additional 154,153 shares during the last quarter. Viking Fund Management LLC raised its position in shares of NCS Multistage by 550.0% in the fourth quarter. Viking Fund Management LLC now owns 65,000 shares of the company’s stock valued at $331,000 after buying an additional 55,000 shares during the last quarter. Vanguard Group Inc raised its position in shares of NCS Multistage by 20.2% in the third quarter. Vanguard Group Inc now owns 930,339 shares of the company’s stock valued at $15,360,000 after buying an additional 156,341 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC acquired a new position in shares of NCS Multistage in the fourth quarter valued at approximately $76,000. Institutional investors own 95.74% of the company’s stock.

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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, Canada, 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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