NCS Multistage Holdings (NASDAQ:NCSM) President Marty Stromquist sold 110,478 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $16.28, for a total transaction of $1,798,581.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NCS Multistage stock opened at $15.67 on Friday. The stock has a market cap of $701.05 and a price-to-earnings ratio of 78.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.67 and a current ratio of 3.72. NCS Multistage Holdings has a 12-month low of $13.85 and a 12-month high of $29.07.
NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $50.18 million for the quarter, compared to the consensus estimate of $50.51 million. NCS Multistage had a net margin of 1.04% and a return on equity of 2.29%. analysts predict that NCS Multistage Holdings will post 0.6 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $157,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $211,000. Parametric Portfolio Associates LLC acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $257,000. GSA Capital Partners LLP acquired a new stake in shares of NCS Multistage in the 3rd quarter valued at approximately $262,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $300,000. Institutional investors own 93.12% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of NCS Multistage from a “buy” rating to a “sell” rating in a research note on Tuesday, January 23rd. Raymond James Financial restated an “outperform” rating and issued a $30.00 price target (up from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. BidaskClub downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Piper Jaffray set a $20.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, ValuEngine downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $24.25.
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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 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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