NCS Multistage (NASDAQ:NCSM) Stock Price Down 0.2% – Here’s What Happened

NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s share price was down 0.2% on Thursday . The stock traded as low as $28.57 and last traded at $28.95. Approximately 2,394 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 10,069 shares. The stock had previously closed at $29.00.

NCS Multistage Stock Performance

The firm has a 50 day simple moving average of $25.32 and a 200-day simple moving average of $21.07. The company has a market cap of $72.38 million, a price-to-earnings ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

Institutional Trading of NCS Multistage

A hedge fund recently raised its stake in NCS Multistage stock. Empowered Funds LLC lifted its holdings in shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,142 shares of the company’s stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC owned about 0.77% of NCS Multistage worth $383,000 as of its most recent filing with the SEC. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

NCS Multistage Company Profile

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.