Key Points
- Director Robert Nipper sold a total of $40,000 worth of NCS Multistage stock, reducing his ownership by 2.90% to 33,455 shares.
- NCS Multistage reported a net margin of 6.89% and achieved earnings of $1.37 per share, surpassing analysts' expectations of $1.17.
- Several analysts downgraded NCS Multistage's ratings, with Zacks Research changing its recommendation from "strong-buy" to "hold".
NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) Director Robert Nipper sold 1,000 shares of NCS Multistage stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the director directly owned 33,455 shares in the company, valued at $1,338,200. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Robert Nipper also recently made the following trade(s):
- On Monday, November 3rd, Robert Nipper sold 3,147 shares of NCS Multistage stock. The stock was sold at an average price of $40.00, for a total transaction of $125,880.00.
NCS Multistage Price Performance
NCSM opened at $38.82 on Thursday. The company has a fifty day moving average price of $44.07 and a two-hundred day moving average price of $35.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 4.66. NCS Multistage Holdings, Inc. has a 52 week low of $20.00 and a 52 week high of $53.69. The firm has a market capitalization of $98.64 million, a PE ratio of 8.55 and a beta of 0.75.
NCS Multistage (NASDAQ:NCSM - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.20. NCS Multistage had a net margin of 6.89% and a return on equity of 12.27%. The firm had revenue of $46.54 million during the quarter, compared to analyst estimates of $46.10 million.
Wall Street Analyst Weigh In
Several analysts recently issued reports on NCSM shares. Zacks Research lowered shares of 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".
Read Our Latest Research Report on NCS Multistage
Hedge Funds Weigh In On NCS Multistage
A number of institutional investors have recently made changes to their positions in the stock. Bailard Inc. boosted its position in NCS Multistage by 26.1% during the 3rd quarter. Bailard Inc. now owns 8,687 shares of the company's stock valued at $444,000 after buying an additional 1,800 shares during the period. NewEdge Advisors LLC increased its stake in NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after purchasing an additional 7,964 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of NCS Multistage in the second quarter worth approximately $430,000. Finally, Empowered Funds LLC grew its stake in shares of NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock worth $752,000 after acquiring an additional 1,455 shares during the period. Institutional investors own 70.91% of the company's stock.
NCS Multistage Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
