DMC Global (NASDAQ:BOOM) Rating Lowered to “Sell” at StockNews.com

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

BOOM has been the topic of a number of other research reports. Stifel Nicolaus lowered DMC Global from a “buy” rating to a “hold” rating and cut their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday. Roth Mkm restated a “buy” rating and set a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Down 2.2 %

Shares of NASDAQ BOOM opened at $7.40 on Friday. 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 business’s 50 day moving average is $11.10 and its two-hundred day moving average is $12.31. DMC Global has a 52-week low of $7.16 and a 52-week high of $19.73. The firm has a market cap of $148.19 million, a price-to-earnings ratio of -0.94 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) 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 during the quarter, compared to analysts’ expectations of $152.00 million. During the same period in the previous year, the business posted $0.50 EPS. Research analysts predict that DMC Global will post -0.23 EPS for the current year.

Hedge Funds Weigh In On DMC Global

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in shares of DMC Global by 68.4% in the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after buying an additional 3,974 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in DMC Global in the first quarter valued at $194,000. Vanguard Group Inc. boosted its stake in DMC Global by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after acquiring an additional 64,677 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of DMC Global by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 951 shares during the last quarter. Finally, Kennedy Capital Management LLC increased 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 worth $12,364,000 after purchasing an additional 49,849 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

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.