NCS Multistage (NASDAQ:NCSM) Issues Quarterly Earnings Results, Beats Expectations By $0.22 EPS

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NCS Multistage (NASDAQ:NCSM) posted its quarterly earnings data on Sunday. The company reported ($1.18) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.22, MarketWatch Earnings reports. NCS Multistage had a negative return on equity of 13.76% and a negative net margin of 51.90%.

Shares of NCSM stock opened at $25.50 on Wednesday. NCS Multistage has a fifty-two week low of $8.75 and a fifty-two week high of $47.97. The stock’s fifty day moving average price is $25.79 and its two-hundred day moving average price is $22.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.84 and a current ratio of 5.70. The company has a market cap of $60.66 million, a PE ratio of -0.87 and a beta of 2.35.

Separately, Zacks Investment Research lowered NCS Multistage from a “hold” rating to a “sell” rating in a research note on Tuesday.

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, Canada, and internationally. Its products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, accelus sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Earnings History for NCS Multistage (NASDAQ:NCSM)

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