NCS Multistage (NASDAQ:NCSM) Stock Price Down 0.6% – Should You Sell?

NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s share price dropped 0.6% on Friday . The stock traded as low as $18.99 and last traded at $18.99. Approximately 326 shares changed hands during trading, a decline of 91% from the average daily volume of 3,812 shares. The stock had previously closed at $19.10.

NCS Multistage Trading Down 0.6 %

The firm has a market capitalization of $47.53 million, a price-to-earnings ratio of 3.54 and a beta of 1.20. The company has a fifty day moving average price of $19.63 and a two-hundred day moving average price of $17.87. The company has a current ratio of 4.61, a quick ratio of 2.52 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($1.03) EPS for the quarter. NCS Multistage had a net margin of 29.25% and a return on equity of 3.76%. The business had revenue of $29.69 million during the quarter.

Institutional Trading of NCS Multistage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of NCS Multistage during the second quarter worth $34,000. Empowered Funds LLC increased its position in shares of NCS Multistage by 7.8% during the first quarter. Empowered Funds LLC now owns 16,944 shares of the company’s stock worth $271,000 after acquiring an additional 1,225 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of NCS Multistage by 4.2% during the first quarter. Tocqueville Asset Management L.P. now owns 137,094 shares of the company’s stock worth $2,198,000 after acquiring an additional 5,588 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.