NCS Multistage Holdings (NASDAQ:NCSM) COO Tim Willems sold 21,235 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $15.77, for a total value of $334,875.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NCSM stock opened at $15.67 on Friday. NCS Multistage Holdings has a fifty-two week low of $13.85 and a fifty-two week high of $29.07. The stock has a market cap of $721.07 and a PE 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 (NASDAQ:NCSM) last issued its quarterly earnings results on Thursday, March 8th. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05. NCS Multistage had a return on equity of 2.29% and a net margin of 1.04%. The business had revenue of $50.18 million for the quarter, compared to analyst estimates of $50.51 million. sell-side analysts predict that NCS Multistage Holdings will post 0.6 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Beck Capital Management LLC grew its stake in shares of NCS Multistage by 8.6% during the third quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock worth $771,000 after acquiring an additional 2,525 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of NCS Multistage by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 32,455 shares of the company’s stock worth $781,000 after acquiring an additional 3,000 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of NCS Multistage by 8.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 49,674 shares of the company’s stock worth $732,000 after acquiring an additional 3,692 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in shares of NCS Multistage during the second quarter worth about $157,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of NCS Multistage during the second quarter worth about $211,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
Several equities analysts have issued reports on NCSM shares. ValuEngine lowered NCS Multistage from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. JPMorgan Chase reiterated a “neutral” rating and issued a $20.00 target price (up previously from $19.00) on shares of NCS Multistage in a research note on Tuesday, March 13th. BidaskClub lowered NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Royal Bank of Canada set a $17.00 target price on NCS Multistage and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research upgraded NCS Multistage from a “strong sell” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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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