Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.10.
Several research firms recently commented on NCSM. ValuEngine lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Zacks Investment Research upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.
Shares of NCSM traded up $0.06 during mid-day trading on Friday, reaching $2.23. The company had a trading volume of 21,100 shares, compared to its average volume of 80,026. The company has a quick ratio of 2.45, a current ratio of 3.87 and a debt-to-equity ratio of 0.09. NCS Multistage has a 52-week low of $1.56 and a 52-week high of $7.45. The stock has a 50 day moving average of $2.21 and a two-hundred day moving average of $2.51. The stock has a market capitalization of $98.54 million, a P/E ratio of 11.15 and a beta of 2.68.
In related news, President Marty Stromquist purchased 12,203 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $2.25 per share, with a total value of $27,456.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders acquired 56,731 shares of company stock worth $128,153. 11.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Outlook Wealth Advisors LLC acquired a new position in NCS Multistage during the second quarter worth $37,000. Susquehanna International Group LLP purchased a new position in NCS Multistage during the second quarter valued at $60,000. Charles Schwab Investment Management Inc. lifted its holdings in NCS Multistage by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock valued at $294,000 after purchasing an additional 7,677 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NCS Multistage by 16.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock worth $331,000 after purchasing an additional 13,296 shares during the last quarter. Finally, Gagnon Securities LLC raised its position in shares of NCS Multistage by 39.2% during the 2nd quarter. Gagnon Securities LLC now owns 97,657 shares of the company’s stock worth $347,000 after purchasing an additional 27,524 shares during the last quarter. 87.97% of the stock is owned by institutional investors.
NCS Multistage Company Profile
NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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