NCS Multistage (NASDAQ:NCSM) Trading Down 5.1% – Should You Sell?

Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) were down 5.1% on Tuesday . The stock traded as low as $40.99 and last traded at $41.02. Approximately 10,612 shares traded hands during trading, a decline of 27% from the average daily volume of 14,532 shares. The stock had previously closed at $43.23.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of NCS Multistage in a report on Monday. Singular Research raised shares of NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen cut shares of NCS Multistage from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

NCS Multistage Stock Down 5.1%

The company has a debt-to-equity ratio of 0.04, a current ratio of 4.39 and a quick ratio of 2.65. The stock has a market capitalization of $104.19 million, a PE ratio of 9.04 and a beta of 0.51. The company has a 50 day moving average price of $39.26 and a 200-day moving average price of $37.36.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.20. The company had revenue of $46.54 million during the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.

Insider Activity at NCS Multistage

In other news, Director Robert Nipper sold 1,000 shares of NCS Multistage stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director owned 33,455 shares of the company’s stock, valued at approximately $1,338,200. The trade was a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of NCS Multistage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its position in shares of NCS Multistage by 9,535.4% in the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock worth $1,210,000 after acquiring an additional 23,457 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of NCS Multistage during the second quarter valued at approximately $430,000. NewEdge Advisors LLC grew its stake in NCS Multistage by 3,774.4% in the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after purchasing an additional 7,964 shares during the period. Citadel Advisors LLC bought a new position in NCS Multistage in the third quarter worth $299,000. Finally, GSA Capital Partners LLP purchased a new position in NCS Multistage during the third quarter valued at $296,000. 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.