NCS Multistage Holdings (NASDAQ:NCSM) EVP Kevin Trautner sold 1,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $17.67, for a total value of $25,444.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NCSM opened at $15.67 on Friday. The company has a market capitalization of $697.05 and a price-to-earnings ratio of 82.47. The company has a current ratio of 3.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings has a 12-month low of $13.85 and a 12-month high of $29.07.
NCS Multistage (NASDAQ:NCSM) last released its earnings results on Thursday, March 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $50.18 million for the quarter, compared to analyst estimates of $50.51 million. research analysts expect that NCS Multistage Holdings will post 0.6 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. State Street Corp acquired a new stake in shares of NCS Multistage during the 2nd quarter worth approximately $3,523,000. Lazard Asset Management LLC grew its holdings in shares of NCS Multistage by 24.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,313,444 shares of the company’s stock worth $19,360,000 after purchasing an additional 257,763 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in shares of NCS Multistage during the 4th quarter worth approximately $254,000. Vanguard Group Inc. acquired a new stake in shares of NCS Multistage during the 2nd quarter worth approximately $13,697,000. Finally, California State Teachers Retirement System acquired a new stake in shares of NCS Multistage during the 2nd quarter worth approximately $494,000. 93.12% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded NCS Multistage from a “buy” rating to a “sell” rating in a research note on Tuesday, January 23rd. Raymond James Financial reissued an “outperform” rating and issued a $30.00 price objective (up from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. BidaskClub downgraded 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 objective on NCS Multistage and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, ValuEngine downgraded NCS Multistage from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.25.
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About NCS Multistage
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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