NCS Multistage (NASDAQ:NCSM) Issues Quarterly Earnings Results

NCS Multistage (NASDAQ:NCSM) issued its quarterly earnings results on Monday. The company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $1.44, Zacks reports. NCS Multistage had a return on equity of 2.60% and a net margin of 27.99%.

NCS Multistage Stock Performance

NCS Multistage stock traded up $0.91 during mid-day trading on Monday, reaching $26.40. 24,345 shares of the company traded hands, compared to its average volume of 6,025. The firm’s fifty day moving average is $28.31 and its two-hundred day moving average is $23.89. The company has a market capitalization of $66.08 million, a price-to-earnings ratio of 1.55 and a beta of 1.05. NCS Multistage has a fifty-two week low of $14.75 and a fifty-two week high of $32.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

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.