NCS Multistage (NASDAQ:NCSM) Lowered to “Strong Sell” Rating by Zacks Research

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

NCSM has been the topic of a number of other research reports. Weiss Ratings downgraded shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of NCS Multistage from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NCS Multistage has an average rating of “Hold”.

NCS Multistage Stock Up 0.2%

NCS Multistage stock opened at $55.72 on Tuesday. The company has a quick ratio of 3.48, a current ratio of 5.35 and a debt-to-equity ratio of 0.03. NCS Multistage has a 12-month low of $28.73 and a 12-month high of $87.36. The firm’s fifty day moving average is $58.30 and its 200 day moving average is $48.08. The company has a market capitalization of $145.99 million, a PE ratio of 8.06 and a beta of 0.17.

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 net margin of 10.78% and a return on equity of 6.58%. The company had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million. As a group, sell-side analysts predict that NCS Multistage will post 3.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in NCS Multistage during the fourth quarter worth $34,000. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 668 shares during the last quarter. Heron Bay Capital Management acquired a new position in NCS Multistage during the third quarter worth $222,000. Bank of New York Mellon Corp acquired a new position in NCS Multistage during the first quarter worth $223,000. Finally, NewEdge Advisors LLC raised its holdings in 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 buying an additional 7,964 shares during the last quarter. Institutional investors and hedge funds 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.