NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers Purchases 42,500 Shares

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NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers bought 42,500 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $2.06 per share, with a total value of $87,550.00. The transaction was disclosed in a filing with the SEC, which is available at 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 price of $2.34 per share, with a total value 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 price of $2.13 per share, with a total value 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 price of $2.57 per share, with a total value of $102,800.00.

NCSM stock traded up $0.07 during mid-day 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 current ratio of 4.53, a quick ratio of 2.78 and a debt-to-equity ratio of 0.11. NCS Multistage Holdings Inc has a 52 week low of $1.56 and a 52 week high of $16.98. The firm has a market capitalization of $105.73 million, a P/E ratio of 10.15 and a beta of 2.54. The firm has a fifty day simple moving average of $2.92 and a 200 day simple moving average of $4.01.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Monday, August 5th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.08. NCS Multistage had a negative net margin of 112.66% and a negative return on equity of 1.95%. The firm had revenue of $39.77 million for the quarter, compared to analyst estimates of $37.83 million. As a group, equities analysts expect that NCS Multistage Holdings Inc will post -0.3 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of NCS Multistage by 3.2% during the 4th quarter. BlackRock Inc. now owns 533,748 shares of the company’s stock valued at $2,716,000 after purchasing an additional 16,636 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NCS Multistage by 99.0% during the 4th quarter. Bank of New York Mellon Corp now owns 96,822 shares of the company’s stock valued at $493,000 after purchasing an additional 48,171 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NCS Multistage by 51.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,572 shares of the company’s stock valued at $1,469,000 after purchasing an additional 97,755 shares during the period. Geode Capital Management LLC grew its stake in shares of NCS Multistage by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 177,676 shares of the company’s stock valued at $904,000 after purchasing an additional 13,415 shares during the period. Finally, Millennium Management LLC bought a new position in shares of NCS Multistage during the 4th quarter valued at approximately $693,000. 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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