Robert Nipper Purchases 62,955 Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) Stock
NCS Multistage Holdings Inc (NASDAQ:NCSM) CEO Robert Nipper purchased 62,955 shares of the stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $7.55 per share, for a total transaction of $475,310.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:NCSM traded up $0.17 during trading hours on Friday, reaching $7.21. The company’s stock had a trading volume of 119,535 shares, compared to its average volume of 229,368. The company has a current ratio of 3.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings Inc has a one year low of $6.53 and a one year high of $20.54. The stock has a market capitalization of $316.88 million, a PE ratio of 36.05 and a beta of 1.87.
NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. The firm had revenue of $62.69 million for the quarter, compared to the consensus estimate of $77.71 million. On average, sell-side analysts forecast that NCS Multistage Holdings Inc will post 0.23 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on NCSM. Piper Jaffray Companies set a $10.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a report on Thursday, November 8th. Wells Fargo & Co cut shares of NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Monday, October 15th. Credit Suisse Group set a $11.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a report on Monday, November 12th. BidaskClub cut shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research cut shares of NCS Multistage from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.63.
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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 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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