NCS Multistage (NASDAQ:NCSM) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $47.53 and traded as low as $47.08. NCS Multistage shares last traded at $48.64, with a volume of 6,478 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NCSM shares. Weiss Ratings cut NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen raised NCS Multistage to a “hold” rating in a report on Saturday, July 18th. Finally, Zacks Research upgraded NCS Multistage from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

NCS Multistage Trading Up 3.3%

The firm’s 50-day simple moving average is $47.53 and its 200-day simple moving average is $50.74. The firm has a market capitalization of $127.44 million, a PE ratio of 10.01 and a beta of 0.17. The company has a quick ratio of 3.48, a current ratio of 4.27 and a debt-to-equity ratio of 0.04.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Thursday, July 30th. The company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.88) by ($0.83). NCS Multistage had a return on equity of 2.40% and a net margin of 7.61%.The company had revenue of $38.36 million during the quarter, compared to analysts’ expectations of $37.60 million. Equities analysts expect that NCS Multistage Holdings, Inc. will post 2.53 earnings per share for the current year.

Hedge Funds Weigh In On NCS Multistage

A number of large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of NCS Multistage by 46.5% in the fourth quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock worth $410,000 after purchasing an additional 3,296 shares during the last quarter. Empowered Funds LLC raised its holdings in NCS Multistage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock valued at $784,000 after buying an additional 1,042 shares during the last quarter. Geode Capital Management LLC grew its holdings in NCS Multistage by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after acquiring an additional 411 shares during the last quarter. Citadel Advisors LLC bought a new stake in NCS Multistage in the 3rd quarter worth $299,000. Finally, PNC Financial Services Group Inc. increased its position in shares of NCS Multistage by 342.6% in the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after acquiring an additional 668 shares during the period. 70.91% of the stock is owned by hedge funds and other institutional investors.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.