NCS Multistage (NASDAQ:NCSM) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $47.42 and traded as high as $51.69. NCS Multistage shares last traded at $51.69, with a volume of 3,379 shares traded.

Analyst Ratings Changes

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

NCS Multistage Stock Up 2.4%

The company has a market cap of $135.43 million, a price-to-earnings ratio of 10.64 and a beta of 0.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.65 and a current ratio of 4.27. The business’s 50 day simple moving average is $47.42 and its 200-day simple moving average is $51.12.

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

Institutional Investors Weigh In On NCS Multistage

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of NCS Multistage by 46.5% during the fourth quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock worth $410,000 after buying an additional 3,296 shares during the last quarter. Empowered Funds LLC grew its stake in shares of NCS Multistage by 5.5% in the fourth quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after acquiring an additional 1,042 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NCS Multistage by 4.2% in the fourth 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 position in NCS Multistage during the third quarter worth $299,000. Finally, PNC Financial Services Group Inc. increased its position in NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after acquiring an additional 668 shares during the period. 70.91% of the stock is owned by institutional investors and hedge funds.

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.