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NCSM - NCS Multistage Holdings: Cost Cutting And Balance Sheet Hold The Key
NCS Multistage Holdings Inc.
NCSM Drops But Is Not Out
The sharp fall in energy demand following the coronavirus attack and the completion activity headwinds will keep NCS Multistage Holdings' (NCSM) top-line and profit low. However, sales of Repeat Precision products and the tracer diagnostics product sales in the international markets will help offset some of the losses in the U.S. and Canada. Recently, the company withdrew its previous guidance for Q1 and FY2020 and initiated further cost reductions. In this environment, I do not see any catalyst to push the stock price higher in the short