Michael Mcshane Purchases 30,000 Shares of NCS Multistage Holdings Inc (NCSM) Stock
NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Michael Mcshane acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was bought at an average cost of $7.36 per share, with a total value of $220,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NCS Multistage stock traded down $0.14 during mid-day trading on Tuesday, hitting $7.29. 402,700 shares of the company’s stock traded hands, compared to its average volume of 151,823. NCS Multistage Holdings Inc has a fifty-two week low of $6.88 and a fifty-two week high of $20.54. The company has a market capitalization of $346.58 million, a price-to-earnings ratio of 36.45 and a beta of 2.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.89 and a quick ratio of 2.89.
NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. The business had revenue of $62.69 million for the quarter, compared to analyst estimates of $77.71 million. As a group, equities analysts anticipate that NCS Multistage Holdings Inc will post 0.29 earnings per share for the current fiscal year.
NCSM has been the subject of several recent analyst reports. Wells Fargo & Co downgraded NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Monday, October 15th. Credit Suisse Group set a $11.00 price objective on NCS Multistage and gave the company a “buy” rating in a report on Monday. Piper Jaffray Companies set a $10.00 price objective on NCS Multistage and gave the company a “buy” rating in a report on Thursday, November 8th. BidaskClub downgraded NCS Multistage from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research downgraded NCS Multistage from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.29.
About NCS Multistage
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 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.
Featured Article: Bond
Receive News & Ratings for NCS Multistage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage and related companies with MarketBeat.com's FREE daily email newsletter.