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HOUSTON—Valerie A. Mitchell, a director at NCS Multistage Holdings , Inc. (NASDAQ:NCSM), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The sale comes as the company’s stock has shown remarkable strength, gaining over 80% in the past year according to InvestingPro data.
On March 12, Mitchell sold 357 shares at a price of $29.02 each. The following day, she sold an additional 1,187 shares at $28 per share. These transactions amounted to a total sale of $43,596.
Following these transactions, Mitchell holds 26,068 shares of NCS Multistage, which includes 4,339 restricted stock units set to vest on February 28, 2026, and 19,212 vested restricted stock units that will settle within thirty days following the earlier of either her service termination or a change of control.
NCS Multistage Holdings, headquartered in Houston, Texas, provides oil and gas field services.
In other recent news, NCS Multistage Holdings Inc. reported a significant earnings beat for the fourth quarter of 2024, with earnings per share (EPS) reaching $1.32, surpassing the forecast of $0.73. The company also reported a 20% increase in quarterly revenue to $45 million, exceeding expectations of $40.6 million. This strong performance was attributed to international expansion and improved operational efficiencies. NCS Multistage’s full-year revenue for 2024 was $162.6 million, marking a 14% increase from the previous year. The company’s net income for 2024 stood at $6.6 million, translating to $2.55 per diluted share. For 2025, NCS Multistage projects revenue between $165 million and $175 million, with adjusted EBITDA expected to range from $20 million to $23 million. The company is also exploring mergers and acquisitions opportunities and hinted at new research and development products in the pipeline. These recent developments reflect NCS Multistage’s strategic initiatives and growth prospects in a challenging market environment.
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