Franklin Myers Buys 10,000 Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) Stock

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NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $2.14 per share, with a total value of $21,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Myers also recently made the following trade(s):

  • On Thursday, August 15th, Franklin Myers purchased 42,500 shares of NCS Multistage stock. The shares were purchased at an average price of $2.06 per share, for a total transaction of $87,550.00.
  • On Monday, August 12th, Franklin Myers purchased 7,500 shares of NCS Multistage stock. The shares were purchased at an average price of $2.34 per share, for a total transaction of $17,550.00.
  • On Thursday, August 8th, Franklin Myers purchased 25,000 shares of NCS Multistage stock. The shares were purchased at an average price of $2.13 per share, for a total transaction of $53,250.00.
  • On Friday, May 24th, Franklin Myers purchased 40,000 shares of NCS Multistage stock. The shares were purchased at an average price of $2.57 per share, for a total transaction of $102,800.00.

Shares of NASDAQ NCSM opened at $2.16 on Friday. The stock has a market cap of $101.05 million, a P/E ratio of 10.80 and a beta of 2.54. The company has a current ratio of 4.53, a quick ratio of 2.78 and a debt-to-equity ratio of 0.11. NCS Multistage Holdings Inc has a 12-month low of $1.56 and a 12-month high of $16.98. The business’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.92.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. The business had revenue of $39.77 million for the quarter, compared to analysts’ expectations of $37.83 million. NCS Multistage had a negative return on equity of 1.95% and a negative net margin of 112.66%. On average, equities analysts forecast that NCS Multistage Holdings Inc will post -0.25 EPS for the current fiscal year.

A number of research analysts have commented on NCSM shares. Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada restated a “sector perform” rating and set a $3.00 price target (down from $6.00) on shares of NCS Multistage in a research note on Wednesday, August 7th. Finally, Piper Jaffray Companies cut NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price target on the stock. in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. NCS Multistage has a consensus rating of “Hold” and an average target price of $6.66.

Several hedge funds and other institutional investors have recently made changes to their positions in NCSM. Bank of Montreal Can raised its stake in shares of NCS Multistage by 712.8% in the first quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock valued at $27,000 after acquiring an additional 4,605 shares in the last quarter. Outlook Wealth Advisors LLC acquired a new stake in shares of NCS Multistage in the second quarter valued at $37,000. Susquehanna International Group LLP acquired a new stake in shares of NCS Multistage in the second quarter valued at $60,000. Spark Investment Management LLC acquired a new stake in shares of NCS Multistage in the first quarter valued at $194,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of NCS Multistage by 10.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock valued at $294,000 after acquiring an additional 7,677 shares in the last quarter. Institutional investors and hedge funds own 89.39% 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 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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Insider Buying and Selling by Quarter for NCS Multistage (NASDAQ:NCSM)

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