NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Purchases $87,550.00 in Stock

NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers acquired 42,500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $2.06 per share, for a total transaction of $87,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, August 12th, Franklin Myers acquired 7,500 shares of NCS Multistage stock. The stock was acquired at an average cost of $2.34 per share, for a total transaction of $17,550.00.
  • On Thursday, August 8th, Franklin Myers acquired 25,000 shares of NCS Multistage stock. The stock was acquired at an average cost of $2.13 per share, for a total transaction of $53,250.00.
  • On Friday, May 24th, Franklin Myers acquired 40,000 shares of NCS Multistage stock. The stock was acquired at an average cost of $2.57 per share, for a total transaction of $102,800.00.

Shares of NASDAQ NCSM traded up $0.07 during midday trading on Friday, hitting $2.02. The stock had a trading volume of 753 shares, compared to its average volume of 76,096. The company has a market capitalization of $105.73 million, a PE ratio of 10.15 and a beta of 2.54. The stock has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $4.01. NCS Multistage Holdings Inc has a 1 year low of $1.56 and a 1 year high of $16.98. The company has a quick ratio of 2.78, a current ratio of 4.53 and a debt-to-equity ratio of 0.11.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Monday, August 5th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.08. The business had revenue of $39.77 million for the quarter, compared to the consensus estimate 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, analysts expect that NCS Multistage Holdings Inc will post -0.3 earnings per share for the current fiscal year.

Several analysts have commented on the company. Piper Jaffray Companies lowered NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price objective on the stock. in a report on Tuesday, June 25th. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price objective (down from $6.00) on shares of NCS Multistage in a report on Wednesday, August 7th. Finally, ValuEngine raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. NCS Multistage has an average rating of “Hold” and an average target price of $6.66.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its position in shares of NCS Multistage by 5.6% in the first quarter. Foundry Partners LLC now owns 386,113 shares of the company’s stock valued at $2,000,000 after acquiring an additional 20,525 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NCS Multistage by 51.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 288,572 shares of the company’s stock valued at $1,469,000 after acquiring an additional 97,755 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NCS Multistage by 99.0% in the fourth quarter. Bank of New York Mellon Corp now owns 96,822 shares of the company’s stock valued at $493,000 after acquiring an additional 48,171 shares in the last quarter. Millennium Management LLC purchased a new position in shares of NCS Multistage in the fourth quarter valued at approximately $693,000. Finally, BlackRock Inc. lifted its position in shares of NCS Multistage by 3.2% in the fourth quarter. BlackRock Inc. now owns 533,748 shares of the company’s stock valued at $2,716,000 after acquiring an additional 16,636 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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, 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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