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

Wall Street Zen upgraded shares of NCS Multistage (NASDAQ:NCSM - Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

NCS Multistage Price Performance

NCS Multistage stock traded down $1.53 during mid-day trading on Friday, reaching $29.61. 14,350 shares of the company were exchanged, compared to its average volume of 8,052. The company has a fifty day simple moving average of $29.90 and a 200-day simple moving average of $28.92. NCS Multistage has a 12 month low of $15.90 and a 12 month high of $38.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63. The firm has a market cap of $75.24 million, a PE ratio of 1.74 and a beta of 0.70.

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

Institutional Trading of NCS Multistage

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of NCS Multistage by 56.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company's stock worth $71,000 after buying an additional 982 shares during the last quarter. Bailard Inc. bought a new stake in shares of NCS Multistage during the first quarter worth $249,000. Geode Capital Management LLC bought a new stake in shares of NCS Multistage during the fourth quarter worth $247,000. Renaissance Technologies LLC bought a new stake in shares of NCS Multistage during the fourth quarter worth $261,000. Finally, 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. 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.