NCS Multistage Holdings, Inc. (NASDAQ:NCSM) CEO Robert Nipper acquired 700 shares of NCS Multistage stock in a transaction that occurred on Tuesday, June 8th. The stock was acquired at an average cost of $31.95 per share, for a total transaction of $22,365.00. Following the purchase, the chief executive officer now owns 20,235 shares of the company’s stock, valued at $646,508.25. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ:NCSM opened at $30.54 on Friday. The company has a 50-day moving average price of $26.50. The stock has a market cap of $72.65 million, a price-to-earnings ratio of -7.56 and a beta of 2.10. NCS Multistage Holdings, Inc. has a 52 week low of $9.62 and a 52 week high of $47.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.18 and a current ratio of 5.57.
NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Sunday, May 2nd. The company reported ($1.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.22. NCS Multistage had a negative return on equity of 21.64% and a negative net margin of 11.67%. Analysts expect that NCS Multistage Holdings, Inc. will post -2.1 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley bought a new stake in shares of NCS Multistage in the 1st quarter worth approximately $39,000. Geode Capital Management LLC purchased a new stake in NCS Multistage in the first quarter worth $202,000. Renaissance Technologies LLC bought a new stake in shares of NCS Multistage in the first quarter valued at $225,000. BlackRock Inc. increased its holdings in NCS Multistage by 23.3% in the 1st quarter. BlackRock Inc. now owns 6,827 shares of the company’s stock worth $190,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Gagnon Securities LLC purchased a new stake in NCS Multistage during the first quarter valued at about $260,000. 79.77% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a report on Tuesday, May 4th.
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. Its products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, accelus sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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