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

by · The Cerbat Gem

NCS Multistage Holdings, Inc. (NASDAQ:NCSM – Get Free Report) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,471 shares, a decline of 33.7% from the December 31st total of 3,727 shares. Based on an average daily volume of 10,853 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 10,853 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. Zacks Research lowered shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Finally, Singular Research upgraded NCS Multistage to a “strong-buy” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Get Our Latest Report on NCSM

NCS Multistage Stock Down 0.3%

Shares of NASDAQ:NCSM traded down $0.13 on Friday, hitting $39.88. 4,414 shares of the company’s stock were exchanged, compared to its average volume of 7,715. The firm’s 50-day moving average is $39.54 and its 200 day moving average is $39.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.65 and a current ratio of 4.39. The company has a market capitalization of $101.34 million, a PE ratio of 8.78 and a beta of 0.48. NCS Multistage has a 1-year low of $23.89 and a 1-year high of $53.69.

NCS Multistage (NASDAQ:NCSM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.20. The company had revenue of $46.54 million for the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.

Insider Buying and Selling

In other NCS Multistage news, Director Robert Nipper sold 3,147 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total value of $125,880.00. Following the completion of the sale, the director directly owned 88,596 shares in the company, valued at $3,543,840. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Inspire Advisors LLC acquired a new position in shares of NCS Multistage during the 2nd quarter worth $430,000. Citadel Advisors LLC acquired a new stake in shares of NCS Multistage during the 3rd quarter worth $299,000. UBS Group AG raised its holdings in NCS Multistage by 9,535.4% in the third quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after buying an additional 23,457 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of NCS Multistage by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock worth $892,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after purchasing an additional 1,455 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

NCS Multistage Company Profile

(Get Free Report)

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.

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