NCS Multistage (NASDAQ:NCSM) Rating Lowered to Strong Sell at Zacks Research

NCS Multistage (NASDAQ:NCSM) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

NCSM has been the subject of a number of other research reports. Wall Street Zen downgraded shares of NCS Multistage from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of 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, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

NCS Multistage Stock Up 0.2%

NCSM stock opened at $55.72 on Tuesday. NCS Multistage has a 12-month low of $28.73 and a 12-month high of $87.36. The company has a quick ratio of 3.48, a current ratio of 5.35 and a debt-to-equity ratio of 0.03. The company has a market cap of $145.99 million, a price-to-earnings ratio of 8.06 and a beta of 0.17. The company has a 50 day moving average of $58.30 and a two-hundred day moving average of $48.08.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%.The company had revenue of $45.64 million during the quarter, compared to analysts’ expectations of $51.22 million. On average, equities analysts anticipate that NCS Multistage will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NCSM. Geode Capital Management LLC increased its holdings in shares of NCS Multistage by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after purchasing an additional 411 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares during the period. Tucker Asset Management LLC bought a new position in shares of NCS Multistage during the 4th quarter worth about $34,000. Empowered Funds LLC increased its holdings in shares of NCS Multistage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after purchasing an additional 1,042 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of NCS Multistage by 3.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after purchasing an additional 1,042 shares during the period. Institutional investors own 70.91% of the company’s stock.

About NCS Multistage

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.