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.

A number of institutional investors have recently made changes to their positions in NCSM. Viking Fund Management LLC acquired a new stake in NCS Multistage during the 3rd quarter valued at $165,000. JPMorgan Chase & Co. lifted its holdings in NCS Multistage by 54.5% during the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after purchasing an additional 4,322 shares during the last quarter. Millennium Management LLC acquired a new stake in NCS Multistage during the 1st quarter valued at $257,000. Energy Opportunities Capital Management LLC bought a new position in NCS Multistage during the 2nd quarter worth $259,000. Finally, Gagnon Securities LLC increased its position in shares of NCS Multistage by 40.2% in the second quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock worth $523,000 after purchasing an additional 10,328 shares during the period. 95.87% of the stock is owned by institutional investors and hedge funds.

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.

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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.

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