DMC Global (NASDAQ:BOOM) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other research analysts have also commented on the company. Roth Mkm restated a “buy” rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.

DMC Global Price Performance

Shares of BOOM stock traded down $0.14 during trading hours on Thursday, hitting $8.09. 279,820 shares of the company’s stock were exchanged, compared to its average volume of 264,507. The firm has a market cap of $162.01 million, a P/E ratio of -1.04 and a beta of 1.66. DMC Global has a fifty-two week low of $7.96 and a fifty-two week high of $19.73. The firm has a 50 day moving average of $11.47 and a two-hundred day moving average of $12.63. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The company had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period in the prior year, the business posted $0.50 EPS. Sell-side analysts forecast that DMC Global will post -0.23 EPS for the current year.

Hedge Funds Weigh In On DMC Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in shares of DMC Global by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after buying an additional 951 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in DMC Global by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 1,120 shares during the last quarter. FMR LLC raised its holdings in DMC Global by 146.1% in the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 1,334 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of DMC Global during the 1st quarter worth $26,000. Finally, Quest Partners LLC boosted its holdings in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.