DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 6.1% in March

DMC Global Inc. (NASDAQ:BOOMGet Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 995,200 shares, a drop of 6.1% from the February 29th total of 1,060,000 shares. Currently, 5.3% of the shares of the stock are short sold. Based on an average trading volume of 264,600 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Investors Weigh In On DMC Global

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in DMC Global by 82.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 606 shares in the last quarter. New York State Common Retirement Fund increased its holdings in DMC Global by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 35,411 shares of the industrial products company’s stock worth $867,000 after acquiring an additional 641 shares in the last quarter. Jane Street Group LLC increased its holdings in DMC Global by 2.7% in the 4th quarter. Jane Street Group LLC now owns 27,385 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 713 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in DMC Global by 0.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 115,429 shares of the industrial products company’s stock worth $2,825,000 after acquiring an additional 805 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in DMC Global by 3.7% in the 2nd quarter. Credit Suisse AG now owns 23,920 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BOOM shares. Stifel Nicolaus lowered their price objective on DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. StockNews.com lowered DMC Global from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th.

Check Out Our Latest Stock Analysis on DMC Global

DMC Global Price Performance

Shares of NASDAQ:BOOM opened at $19.16 on Wednesday. DMC Global has a fifty-two week low of $14.89 and a fifty-two week high of $27.16. The business has a 50-day simple moving average of $17.77 and a two-hundred day simple moving average of $18.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58. The firm has a market cap of $379.18 million, a price-to-earnings ratio of 17.83 and a beta of 1.62.

DMC Global (NASDAQ:BOOMGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). DMC Global had a net margin of 3.29% and a return on equity of 9.14%. The firm had revenue of $174.04 million for the quarter, compared to the consensus estimate of $170.80 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, analysts expect that DMC Global will post 1.58 earnings per share for the current year.

About DMC Global

(Get Free Report)

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.

See Also

Receive News & Ratings for DMC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DMC Global and related companies with MarketBeat.com's FREE daily email newsletter.