NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers acquired 10,000 shares of the stock in a transaction on Friday, November 9th. The shares were acquired at an average cost of $7.62 per share, for a total transaction of $76,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ:NCSM opened at $7.29 on Wednesday. The stock has a market capitalization of $334.43 million, a PE ratio of 36.45 and a beta of 2.14. The company has a current ratio of 3.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings Inc has a fifty-two week low of $6.88 and a fifty-two week high of $20.54.
NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $77.71 million. NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. On average, equities analysts predict that NCS Multistage Holdings Inc will post 0.23 earnings per share for the current fiscal year.
NCSM has been the topic of several research reports. Wells Fargo & Co lowered their price objective on shares of NCS Multistage from $15.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, November 8th. BidaskClub downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. TheStreet downgraded shares of NCS Multistage from a “c-” rating to a “d+” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of NCS Multistage in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.29.
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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 and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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