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

DMC Global (NASDAQ:BOOM) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

BOOM has been the subject of a number of other reports. Stifel Nicolaus reduced their price objective on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 11th. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price objective on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Down 3.8 %

NASDAQ BOOM opened at $9.50 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15. The company’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $12.91. DMC Global has a 12 month low of $8.60 and a 12 month high of $19.73. The company has a market capitalization of $190.38 million, a P/E ratio of -1.20 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (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 1.31%. The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities research analysts expect that DMC Global will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several large investors have recently modified their holdings of the company. Kennedy Capital Management LLC lifted its position in shares of DMC Global by 8.5% during the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after purchasing an additional 49,849 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of DMC Global by 15.8% during the first quarter. Pacific Ridge Capital Partners LLC now owns 311,493 shares of the industrial products company’s stock valued at $6,071,000 after purchasing an additional 42,422 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of DMC Global by 202.7% during the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 169,150 shares in the last quarter. CWM LLC lifted its position 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 valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of DMC Global during the second quarter valued at about $1,090,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.