NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Update

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,600 shares, a decrease of 31.5% from the September 30th total of 11,100 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 0.5 days. Currently, 1.1% of the company’s shares are sold short.

NCS Multistage Stock Up 15.5%

Shares of NCSM traded up $5.69 during mid-day trading on Monday, reaching $42.39. The company had a trading volume of 42,371 shares, compared to its average volume of 11,217. The company has a market capitalization of $107.71 million, a price-to-earnings ratio of 9.34 and a beta of 0.75. NCS Multistage has a 52 week low of $19.17 and a 52 week high of $53.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 4.66. The firm has a 50-day moving average price of $44.00 and a 200 day moving average price of $35.73.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.17 by $0.20. The firm had revenue of $46.54 million during the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a return on equity of 12.27% and a net margin of 6.89%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NCSM shares. Zacks Research downgraded NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of NCS Multistage in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Insider Buying and Selling at NCS Multistage

In related news, Director Valerie A. Mitchell sold 1,969 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $30.16, for a total transaction of $59,385.04. Following the completion of the sale, the director owned 23,551 shares of the company’s stock, valued at $710,298.16. This trade represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 10.00% of the company’s stock.

Institutional Trading of NCS Multistage

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after purchasing an additional 7,964 shares in the last quarter. Bailard Inc. acquired a new stake in NCS Multistage in the 1st quarter valued at about $249,000. Inspire Advisors LLC acquired a new stake in shares of NCS Multistage during the 2nd quarter worth approximately $430,000. Finally, Empowered Funds LLC boosted its position in shares of NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after purchasing an additional 1,455 shares during the period. Institutional investors own 70.91% of the company’s stock.

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.