Valerie A. Mitchell Sells 548 Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Stock

Key Points

• Director Valerie A. Mitchell sold 548 shares of NCS Multistage Holdings, Inc. for a total value of $16,440, reducing her ownership by 2.10% to 25,520 shares valued at approximately $765,600.
• NCS Multistage reported earnings of **$0.34 per share**, significantly beating analysts' estimates and achieving a revenue of **$36.45 million** for the latest quarter.
• Following strong earnings, Wall Street Zen upgraded NCS Multistage from a "buy" to a **"strong-buy"** rating, indicating increased investor confidence.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) Director Valerie A. Mitchell sold 548 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $16,440.00. Following the completion of the transaction, the director owned 25,520 shares of the company's stock, valued at $765,600. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NCS Multistage Stock Down 2.5%

NCSM traded down $0.85 on Friday, reaching $33.03. The company's stock had a trading volume of 7,238 shares, compared to its average volume of 5,050. NCS Multistage Holdings, Inc. has a 1 year low of $16.81 and a 1 year high of $38.95. The business's 50 day moving average is $30.65 and its 200 day moving average is $30.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 2.86. The stock has a market cap of $83.90 million, a price-to-earnings ratio of 6.92 and a beta of 0.71.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of ($1.46) by $1.80. The company had revenue of $36.45 million during the quarter, compared to analysts' expectations of $27.60 million. NCS Multistage had a return on equity of 12.50% and a net margin of 7.18%.

Hedge Funds Weigh In On NCS Multistage

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in NCS Multistage in the fourth quarter valued at about $261,000. Geode Capital Management LLC acquired a new stake in shares of NCS Multistage during the 4th quarter valued at approximately $247,000. Bailard Inc. bought a new position in NCS Multistage during the first quarter worth $249,000. Dimensional Fund Advisors LP lifted its stake in NCS Multistage by 14.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock worth $355,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock worth $752,000 after purchasing an additional 1,455 shares during the period. Institutional investors own 70.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of NCS Multistage from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.