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

DMC Global (NASDAQ:BOOM) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

BOOM has been the topic of several other research reports. Stifel Nicolaus dropped their target price 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. Roth Mkm reissued a “buy” rating and issued a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $8.02 on Thursday. The company has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $12.57. DMC Global has a fifty-two week low of $7.96 and a fifty-two week high of $19.73. The company has a market capitalization of $160.61 million, a price-to-earnings ratio of -1.02 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

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 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 company had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steel Partners Holdings L.P. lifted its holdings in shares of DMC Global by 610.5% during the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock valued at $28,451,000 after buying an additional 1,695,336 shares during the period. Vanguard Group Inc. grew its stake in shares of DMC Global by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after purchasing an additional 64,677 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after purchasing an additional 112,138 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of DMC Global by 8.5% during the 1st 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 during the last quarter. Finally, State Street Corp lifted its stake in shares of DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 10,561 shares during the period. Hedge funds and other institutional investors 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.