NCS Multistage Holdings Inc (NCSM) Director Franklin Myers Buys 10,000 Shares of Stock

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.

Several large investors have recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of NCS Multistage by 2.9% in the first quarter. Northern Trust Corp now owns 126,216 shares of the company’s stock valued at $1,894,000 after acquiring an additional 3,568 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of NCS Multistage by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after acquiring an additional 4,322 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of NCS Multistage by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock valued at $5,697,000 after acquiring an additional 4,991 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NCS Multistage by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock valued at $723,000 after acquiring an additional 7,519 shares in the last quarter. Finally, Viking Fund Management LLC purchased a new stake in shares of NCS Multistage in the third quarter valued at about $165,000. 95.87% of the stock is currently owned by institutional investors and hedge funds.

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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