NCS Multistage (NASDAQ:NCSM) Stock Rating Upgraded by Wall Street Zen

NCS Multistage (NASDAQ:NCSM - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

NCS Multistage Stock Performance

Shares of NCS Multistage stock opened at $30.60 on Friday. The company has a 50 day moving average of $30.16 and a 200-day moving average of $28.79. NCS Multistage has a 1-year low of $15.90 and a 1-year high of $38.95. The company has a current ratio of 4.50, a quick ratio of 2.63 and a debt-to-equity ratio of 0.06. The company has a market cap of $77.75 million, a PE ratio of 1.80 and a beta of 0.70.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.72. NCS Multistage had a net margin of 27.99% and a return on equity of 2.60%. The company had revenue of $50.01 million during the quarter, compared to the consensus estimate of $44.40 million.

Institutional Trading of NCS Multistage

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tocqueville Asset Management L.P. grew its stake in shares of NCS Multistage by 3.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company's stock worth $3,705,000 after buying an additional 4,345 shares during the last quarter. Empowered Funds LLC grew its stake in shares of NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock worth $752,000 after buying an additional 1,455 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 1,689 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of NCS Multistage during the fourth quarter worth $261,000. Finally, Geode Capital Management LLC bought a new stake in shares of NCS Multistage during the fourth quarter worth $247,000. Institutional investors own 70.91% of the company's stock.

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.

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