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 target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,244 shares, a decrease of 61.7% from the March 15th total of 5,853 shares. Based on an average daily volume of 31,764 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
NCSM has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research raised shares of NCS Multistage from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, Weiss Ratings raised shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
Check Out Our Latest Report on NCSM
NCS Multistage Price Performance
Shares of NASDAQ:NCSM traded down $2.95 on Friday, reaching $63.16. 12,195 shares of the company were exchanged, compared to its average volume of 26,452. The company has a current ratio of 4.27, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. NCS Multistage has a 1-year low of $25.09 and a 1-year high of $75.57. The firm has a market cap of $165.48 million, a price-to-earnings ratio of 7.38 and a beta of 0.34. The company has a 50-day moving average of $52.60 and a 200-day moving average of $44.67.
NCS Multistage (NASDAQ:NCSM – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.90. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%. The business had revenue of $50.63 million for the quarter, compared to analysts’ expectations of $43.60 million.
Institutional Investors Weigh In On NCS Multistage
Several institutional investors and hedge funds have recently made changes to their positions in NCSM. Truffle Hound Capital LLC purchased a new stake in shares of NCS Multistage in the 4th quarter worth about $1,462,000. UBS Group AG boosted its position in shares of NCS Multistage by 9,535.4% in the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock worth $1,210,000 after buying an additional 23,457 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of NCS Multistage by 3,774.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after buying an additional 7,964 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of NCS Multistage in the 3rd quarter worth about $299,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of NCS Multistage in the 3rd quarter worth about $296,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
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.