NCS Multistage Holdings Inc. (NCSM) had a rough Friday. The Houston-based oilfield services company reported first-quarter results that missed expectations, and investors responded by sending the stock sharply lower.
The company posted a quarterly loss of 14 cents per share. That's a big swing from the $1.51 per share profit it earned in the same period last year. Revenue came in at $45.637 million, falling short of the $51.215 million analysts were looking for and down from $50.005 million a year ago.
Shares took a hit on Thursday, dropping more than 23% to close at $52.55. The selling continued Friday, with the stock down another 10.19% to $49.10 at the time of writing.
Technically, NCSM is looking shaky. It's trading 30.8% below its 20-day simple moving average and 3.9% below its 100-day SMA. That's a bearish signal in the near term, though the intermediate trend is being tested rather than fully broken. Over the past 12 months, the stock is still up 43.76%.
Key levels to watch: resistance at $51.50, where recent rebounds have stalled, and support at $45, a round number near the 200-day trend zone that traders often defend.
