NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 26.7% in December

by · The Cerbat Gem

NCS Multistage Holdings, Inc. (NASDAQ:NCSM – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 3,727 shares, a decrease of 26.7% from the December 15th total of 5,084 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,443 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 11,443 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

NCS Multistage Stock Performance

NCSM stock traded up $0.66 during trading on Friday, reaching $39.91. The company had a trading volume of 7,803 shares, compared to its average volume of 9,148. The company has a market cap of $101.37 million, a price-to-earnings ratio of 8.79 and a beta of 0.48. NCS Multistage has a twelve month low of $23.89 and a twelve month high of $53.69. 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 firm has a 50-day simple moving average of $38.95 and a 200-day simple moving average of $38.68.

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

Wall Street Analyst Weigh In

NCSM has been the subject of several analyst reports. Zacks Research lowered shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Singular Research upgraded shares of NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on NCS Multistage

Insider Buying and Selling at NCS Multistage

In related news, Director Robert Nipper sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director owned 33,455 shares of the company’s stock, valued at $1,338,200. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.00% of the stock is owned by company insiders.

Institutional Trading of NCS Multistage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. UBS Group AG grew its stake in NCS Multistage by 9,535.4% during the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after purchasing an additional 23,457 shares during the last quarter. Inspire Advisors LLC purchased a new stake in NCS Multistage in the second quarter valued at approximately $430,000. NewEdge Advisors LLC boosted its position in NCS Multistage by 3,774.4% in the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after buying an additional 7,964 shares during the last quarter. Citadel Advisors LLC acquired a new position in NCS Multistage in the 3rd quarter worth approximately $299,000. Finally, GSA Capital Partners LLP purchased a new position in NCS Multistage during the 3rd quarter worth approximately $296,000. Institutional investors and hedge funds own 70.91% of the company’s stock.

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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