Robert Nipper Sells 1,000 Shares of NCS Multistage (NASDAQ:NCSM) Stock

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Director Robert Nipper sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the director directly owned 33,455 shares in the company, valued at approximately $1,338,200. This represents a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert Nipper also recently made the following trade(s):

• On Monday, November 3rd, Robert Nipper sold 3,147 shares of NCS Multistage stock. The stock was sold at an average price of $40.00, for a total value of $125,880.00.

NCS Multistage Trading Down 3.3%

NCSM stock opened at $37.53 on Friday. NCS Multistage Holdings, Inc. has a twelve month low of $20.00 and a twelve month high of $53.69. The stock has a market capitalization of $95.36 million, a price-to-earnings ratio of 8.27 and a beta of 0.79. The company has a quick ratio of 2.83, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $44.04 and its two-hundred day simple moving average is $35.85.

NCS Multistage (NASDAQ:NCSM) last released its earnings results 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 firm had revenue of $46.54 million during the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a net margin of 6.89% and a return on equity of 12.27%.

Hedge Funds Weigh In On NCS Multistage

Institutional investors have recently modified their holdings of the stock. Bailard Inc. bought a new stake in shares of NCS Multistage during the first quarter valued at approximately $249,000. Empowered Funds LLC increased 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 worth $752,000 after purchasing an additional 1,455 shares during the period. NewEdge Advisors LLC raised its position in NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after purchasing an additional 7,964 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in NCS Multistage during the 2nd quarter valued at $430,000. 70.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NCSM has been the topic of a number of analyst reports. Zacks Research cut NCS Multistage from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of NCS Multistage in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NCS Multistage has a consensus rating of “Hold”.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.