NCS Multistage (NASDAQ:NCSM) Shares Up 1.5%

Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) shot up 1.5% on Thursday . The stock traded as high as $16.89 and last traded at $16.74. 1,071 shares changed hands during trading, a decline of 67% from the average session volume of 3,210 shares. The stock had previously closed at $16.50.

NCS Multistage Stock Up 1.5 %

The firm has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $16.43. The company has a market capitalization of $41.90 million, a price-to-earnings ratio of 3.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.84 and a quick ratio of 2.80.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Wednesday, May 1st. The company reported $0.99 earnings per share for the quarter. NCS Multistage had a net margin of 9.73% and a return on equity of 0.19%. The business had revenue of $43.86 million during the quarter. During the same period last year, the business posted $0.50 EPS.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NCS Multistage stock. Tocqueville Asset Management L.P. boosted its position in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 137,094 shares of the company’s stock after purchasing an additional 5,588 shares during the period. Tocqueville Asset Management L.P. owned about 5.48% of NCS Multistage worth $2,198,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 70.91% 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 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.