NCS Multistage (NASDAQ:NCSM) Shares Down 0.7% - Time to Sell?

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) shares were down 0.7% during mid-day trading on Monday . The company traded as low as $28.77 and last traded at $29.53. 13,114 shares were traded during trading, an increase of 60% from the average session volume of 8,181 shares. The stock had previously closed at $29.74.

Wall Street Analysts Forecast Growth

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

NCS Multistage Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.86 and a current ratio of 4.57. The firm's fifty day moving average price is $30.96 and its 200 day moving average price is $29.60. The firm has a market cap of $75.21 million, a P/E ratio of 9.20 and a beta of 0.70.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last issued 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. The company had revenue of $50.01 million during the quarter, compared to the consensus estimate of $44.40 million. NCS Multistage had a net margin of 5.09% and a return on equity of 9.82%.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. PNC Financial Services Group Inc. lifted its position 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 valued at $71,000 after buying an additional 982 shares during the last quarter. Geode Capital Management LLC purchased a new stake in NCS Multistage during the fourth quarter valued at approximately $247,000. Bailard Inc. purchased a new position in NCS Multistage in the first quarter worth $249,000. Renaissance Technologies LLC acquired a new position in shares of NCS Multistage during the fourth quarter worth $261,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NCS Multistage by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock valued at $355,000 after purchasing an additional 1,689 shares during the last quarter. Hedge funds and other 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.