NCS Multistage's (NCSM) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• NCS Multistage's stock has been reaffirmed with a "Hold (C-)" rating by Weiss Ratings, indicating a cautious outlook on its performance.
• Following a recent downgrade, Zacks Research has also changed its recommendation to a "hold" rating, aligning with the consensus among analysts.
• The company reported $0.34 earnings per share (EPS) in its last quarterly earnings, exceeding expectations significantly and highlighting a strong financial performance.

NCS Multistage (NASDAQ:NCSM - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research lowered NCS Multistage from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

NCS Multistage Price Performance

NCSM opened at $44.06 on Wednesday. The stock has a 50-day moving average price of $41.51 and a 200-day moving average price of $34.45. NCS Multistage has a 12-month low of $16.81 and a 12-month high of $53.69. The company has a current ratio of 4.66, a quick ratio of 2.83 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $111.91 million, a P/E ratio of 9.24 and a beta of 0.75.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.46) by $1.80. NCS Multistage had a return on equity of 12.50% and a net margin of 7.18%.The firm had revenue of $36.45 million during the quarter, compared to analysts' expectations of $27.60 million.

Insider Buying and Selling at NCS Multistage

In related news, Director Valerie A. Mitchell sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $30.16, for a total value of $59,385.04. Following the sale, the director owned 23,551 shares in the company, valued at $710,298.16. This represents a 7.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by insiders.

Institutional Trading of NCS Multistage

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after purchasing an additional 7,964 shares during the last quarter. Inspire Advisors LLC purchased a new stake in NCS Multistage during the 2nd quarter valued at $430,000. Empowered Funds LLC lifted its holdings in shares of NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock valued at $752,000 after buying an additional 1,455 shares during the period. Finally, Bailard Inc. bought a new position in shares of NCS Multistage during the 1st quarter valued at $249,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

About NCS Multistage

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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