Insider Buying: NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Purchases 7,500 Shares of Stock

NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers acquired 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $2.34 per share, with a total value of $17,550.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Franklin Myers also recently made the following trade(s):

  • On Thursday, August 8th, Franklin Myers acquired 25,000 shares of NCS Multistage stock. The stock was bought at an average price of $2.13 per share, with a total value of $53,250.00.
  • On Friday, May 24th, Franklin Myers acquired 40,000 shares of NCS Multistage stock. The stock was bought at an average price of $2.57 per share, with a total value of $102,800.00.

NASDAQ:NCSM traded down $0.02 on Tuesday, reaching $2.26. The company’s stock had a trading volume of 62,883 shares, compared to its average volume of 102,134. NCS Multistage Holdings Inc has a 1-year low of $1.56 and a 1-year high of $16.98. The company has a current ratio of 4.53, a quick ratio of 2.78 and a debt-to-equity ratio of 0.11. The stock has a market cap of $106.67 million, a price-to-earnings ratio of 11.30 and a beta of 2.54. The stock’s 50-day moving average price is $3.02.

NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Monday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The firm had revenue of $39.77 million during the quarter, compared to analysts’ expectations of $37.83 million. NCS Multistage had a negative return on equity of 1.95% and a negative net margin of 112.66%. As a group, equities research analysts forecast that NCS Multistage Holdings Inc will post -0.35 earnings per share for the current fiscal year.

NCSM has been the subject of a number of research analyst reports. ValuEngine raised NCS Multistage from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 target price (down from $6.00) on shares of NCS Multistage in a research note on Wednesday, August 7th. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Piper Jaffray Companies cut NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 target price for the company. in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.66.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of NCS Multistage by 712.8% during the first quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock worth $27,000 after buying an additional 4,605 shares during the period. Spark Investment Management LLC acquired a new position in shares of NCS Multistage during the first quarter worth about $194,000. Gagnon Securities LLC boosted its position in shares of NCS Multistage by 5.8% during the first quarter. Gagnon Securities LLC now owns 70,133 shares of the company’s stock worth $363,000 after buying an additional 3,839 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of NCS Multistage by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock worth $294,000 after buying an additional 7,677 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of NCS Multistage by 16.6% during the second quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock worth $331,000 after buying an additional 13,296 shares during the period. 89.52% of the stock is owned by institutional investors.

NCS Multistage Company Profile

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, Canada, 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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Insider Buying and Selling by Quarter for NCS Multistage (NASDAQ:NCSM)

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