NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Update
by Doug Wharley · The Cerbat GemNCS Multistage Holdings, Inc. (NASDAQ:NCSM – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 18,098 shares, a growth of 365.8% from the April 15th total of 3,885 shares. Based on an average daily trading volume, of 47,653 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the company’s stock are short sold.
Hedge Funds Weigh In On NCS Multistage
Several institutional investors have recently modified their holdings of NCSM. Geode Capital Management LLC lifted its holdings in shares of NCS Multistage by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock valued at $401,000 after purchasing an additional 411 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after acquiring an additional 668 shares during the last quarter. Tucker Asset Management LLC bought a new position in NCS Multistage during the 4th quarter worth $34,000. Empowered Funds LLC increased its position in NCS Multistage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after buying an additional 1,042 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in shares of NCS Multistage by 3.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after purchasing an additional 1,042 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on NCSM shares. Zacks Research downgraded NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen downgraded NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded NCS Multistage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NCS Multistage has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on NCSM
NCS Multistage Price Performance
Shares of NCS Multistage stock traded down $1.20 during trading on Friday, reaching $42.66. The company’s stock had a trading volume of 17,257 shares, compared to its average volume of 25,493. The stock has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $47.41. The company has a current ratio of 5.35, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. NCS Multistage has a one year low of $28.64 and a one year high of $87.36. The stock has a market capitalization of $111.77 million, a P/E ratio of 6.17 and a beta of 0.25.
NCS Multistage (NASDAQ:NCSM – Get Free Report) last released its quarterly 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). The business had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. As a group, sell-side analysts anticipate that NCS Multistage will post 3.42 EPS for the current fiscal year.
NCS Multistage Company Profile
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.