NCS Multistage (NASDAQ:NCSM) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• NCS Multistage shares fell below their 50-day moving average, touching $47.08 versus the $47.53 average, before last trading at $48.64 on low volume.
• Analyst sentiment remains cautiously positive: one analyst rates the stock a Strong Buy and two rate it Hold, resulting in a consensus “Moderate Buy” rating.
• The company missed quarterly EPS expectations, reporting a $1.71 loss per share versus the expected $0.88 loss, though revenue of $38.36 million exceeded estimates.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $47.53 and traded as low as $47.08. NCS Multistage shares last traded at $48.64, with a volume of 6,478 shares.

Wall Street Analysts Forecast Growth

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

NCS Multistage Price Performance

The business has a 50 day simple moving average of $47.53 and a two-hundred day simple moving average of $50.74. The firm has a market capitalization of $127.44 million, a P/E ratio of 10.01 and a beta of 0.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.48 and a current ratio of 4.27.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.88) by ($0.83). NCS Multistage had a net margin of 7.61% and a return on equity of 2.40%. The business had revenue of $38.36 million for the quarter, compared to the consensus estimate of $37.60 million. On average, sell-side analysts expect that NCS Multistage Holdings, Inc. will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On NCS Multistage

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in NCS Multistage by 397,500.0% in the 1st quarter. Bank of America Corp DE now owns 3,976 shares of the company's stock worth $246,000 after buying an additional 3,975 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of NCS Multistage during the 1st quarter valued at $372,000. Renaissance Technologies LLC raised its position in shares of NCS Multistage by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 12,744 shares of the company's stock valued at $788,000 after buying an additional 1,900 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of NCS Multistage during the 1st quarter worth $575,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NCS Multistage by 14.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company's stock worth $1,484,000 after acquiring an additional 2,949 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors.

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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