DMC Global (NASDAQ:BOOM) Downgraded by StockNews.com to “Sell”

DMC Global (NASDAQ:BOOM) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Stifel Nicolaus cut DMC Global from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, November 20th.

DMC Global Price Performance

DMC Global stock opened at $7.40 on Friday. The company has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $11.76. The firm has a market capitalization of $148.19 million, a price-to-earnings ratio of -0.94 and a beta of 1.58. 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 has a 52-week low of $7.16 and a 52-week high of $19.73.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period in the prior year, the company posted $0.50 EPS. On average, equities analysts anticipate that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOOM. Los Angeles Capital Management LLC raised its stake in shares of DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 1,120 shares during the period. FMR LLC lifted its holdings in DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,334 shares in the last quarter. Quest Partners LLC boosted its position in DMC Global by 25.7% in the 3rd 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 period. Rhumbline Advisers raised its stake in shares of DMC Global by 5.4% in the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in DMC Global in the second quarter valued at $25,000. Institutional investors and hedge funds 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.