DMC Global (NASDAQ:BOOM) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th. Roth Mkm restated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Trading Up 7.3 %

Shares of BOOM opened at $7.94 on Friday. The stock’s 50-day moving average price is $11.04 and its 200 day moving average price is $12.26. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $159.04 million, a price-to-earnings ratio of -1.01 and a beta of 1.66. DMC Global has a 12-month low of $7.16 and a 12-month high of $19.73.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The firm had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, research analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in DMC Global during the 2nd quarter worth approximately $25,000. FMR LLC boosted its stake in DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,334 shares in the last quarter. CWM LLC grew its holdings in shares of DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 2,553 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of DMC Global by 315.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock valued at $80,000 after buying an additional 4,231 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after buying an additional 1,373 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

About DMC Global

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.