NCS Multistage Holdings Inc (NASDAQ:NCSM) President Marty Stromquist sold 2,960 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $7.60, for a total value of $22,496.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Marty Stromquist also recently made the following trade(s):
- On Tuesday, November 27th, Marty Stromquist sold 403 shares of NCS Multistage stock. The stock was sold at an average price of $7.63, for a total value of $3,074.89.
- On Tuesday, November 20th, Marty Stromquist sold 18,294 shares of NCS Multistage stock. The stock was sold at an average price of $7.62, for a total value of $139,400.28.
- On Friday, November 9th, Marty Stromquist sold 67,495 shares of NCS Multistage stock. The stock was sold at an average price of $7.71, for a total value of $520,386.45.
NCSM stock traded down $0.04 during trading hours on Friday, reaching $7.30. 81,941 shares of the stock were exchanged, compared to its average volume of 342,594. The stock has a market cap of $330.38 million, a PE ratio of 36.50 and a beta of 2.14. The company has a current ratio of 3.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings Inc has a 12 month low of $6.75 and a 12 month high of $20.54.
NCS Multistage (NASDAQ:NCSM) last released its earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $62.69 million for the quarter, compared to the consensus estimate of $77.71 million. NCS Multistage had a return on equity of 3.10% and a net margin of 4.36%. On average, analysts forecast that NCS Multistage Holdings Inc will post 0.23 earnings per share for the current fiscal year.
Several brokerages recently commented on NCSM. BidaskClub downgraded NCS Multistage from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Citigroup set a $11.00 price objective on NCS Multistage and gave the stock a “buy” rating in a research note on Monday, November 26th. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Wells Fargo & Co raised their price objective on NCS Multistage from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies set a $10.00 target price on NCS Multistage and gave the stock a “buy” rating in a report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. NCS Multistage has a consensus rating of “Hold” and an average price target of $15.63.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in NCS Multistage by 18.1% during the 2nd quarter. FMR LLC now owns 4,311,228 shares of the company’s stock worth $62,642,000 after purchasing an additional 661,076 shares in the last quarter. Vanguard Group Inc. increased its holdings in NCS Multistage by 20.2% during the 3rd quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock worth $15,360,000 after purchasing an additional 156,341 shares in the last quarter. Sapience Investments LLC grew its holdings in shares of NCS Multistage by 30.8% in the 2nd quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock valued at $10,392,000 after acquiring an additional 168,366 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NCS Multistage by 13.4% in the 2nd quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock valued at $8,276,000 after acquiring an additional 67,402 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of NCS Multistage by 6.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock valued at $7,615,000 after acquiring an additional 32,900 shares in the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.
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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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