Wall Street Zen lowered shares of NCS Multistage (NASDAQ:NCSM - Free Report) from a strong-buy rating to a buy rating in a report released on Thursday.
NCS Multistage Stock Down 0.0%
Shares of NASDAQ NCSM traded down $0.02 during trading hours on Thursday, hitting $30.94. The company had a trading volume of 3,128 shares, compared to its average volume of 7,907. The stock has a market capitalization of $78.61 million, a P/E ratio of 1.82 and a beta of 0.66. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. NCS Multistage has a 1-year low of $15.90 and a 1-year high of $38.95. The firm's 50 day moving average is $31.21 and its 200-day moving average is $28.46.
NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.51 earnings per share for the quarter, beating 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 business had revenue of $50.01 million for the quarter, compared to analysts' expectations of $44.40 million.
Institutional Trading of NCS Multistage
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its position in shares of NCS Multistage by 7.3% in 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 in the last quarter. Bailard Inc. bought a new position in NCS Multistage in the first quarter valued at about $249,000. Dimensional Fund Advisors LP raised its position in NCS Multistage by 14.1% in the fourth 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. Renaissance Technologies LLC bought a new position in NCS Multistage in the fourth quarter valued at about $261,000. Finally, Geode Capital Management LLC bought a new position in shares of NCS Multistage during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 70.91% of the company's stock.
NCS Multistage Company Profile
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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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