NCS Multistage (NASDAQ:NCSM) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• NCS Multistage shares rose above their 50-day moving average, reaching $51.69 versus a 50-day average of $47.42, though trading volume was limited at 3,379 shares.
• Analyst sentiment is generally favorable, with one Strong Buy and two Hold ratings producing a consensus “Moderate Buy” recommendation.
• The company missed quarterly earnings expectations, reporting a loss of $1.71 per share versus the expected loss of $0.88, despite revenue of $38.36 million exceeding estimates.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $47.42 and traded as high as $51.69. NCS Multistage shares last traded at $51.69, with a volume of 3,379 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NCSM. Wall Street Zen raised shares of NCS Multistage to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings cut NCS Multistage from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded shares of NCS Multistage from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

NCS Multistage Price Performance

The company's 50 day simple moving average is $47.42 and its 200 day simple moving average is $51.12. The company has a current ratio of 4.27, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $135.43 million, a PE ratio of 10.64 and a beta of 0.17.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($1.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.88) by ($0.83). NCS Multistage had a return on equity of 2.40% and a net margin of 7.61%.The business had revenue of $38.36 million for the quarter, compared to analysts' expectations of $37.60 million. On average, equities analysts anticipate that NCS Multistage Holdings, Inc. will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On NCS Multistage

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of NCS Multistage by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company's stock valued at $401,000 after buying an additional 411 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company's stock valued at $44,000 after purchasing an additional 668 shares in the last quarter. Tucker Asset Management LLC purchased a new position in NCS Multistage in the fourth quarter valued at approximately $34,000. Empowered Funds LLC raised its holdings in NCS Multistage by 5.5% in the fourth quarter. Empowered Funds LLC now owns 19,853 shares of the company's stock valued at $784,000 after buying an additional 1,042 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in NCS Multistage by 3.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company's stock valued at $1,179,000 after buying an additional 1,042 shares in the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company's product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.

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