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

StockNews.com downgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a report released on Tuesday.

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

DMC Global Stock Performance

NASDAQ BOOM opened at $6.82 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company has a market capitalization of $136.58 million, a P/E ratio of -0.86 and a beta of 1.58. DMC Global has a 1-year low of $6.64 and a 1-year high of $19.73. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $11.48.

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 analysts’ consensus estimates of ($0.09) by ($0.40). The company had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period in the previous year, the business earned $0.50 EPS. Sell-side analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Los Angeles Capital Management LLC increased its holdings in shares of DMC Global by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after buying an additional 1,120 shares in the last quarter. FMR LLC boosted its position 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 acquiring an additional 1,334 shares during the period. Quest Partners LLC lifted 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 worth $87,000 after buying an additional 1,373 shares in the last quarter. Rhumbline Advisers boosted its position in DMC Global by 5.4% during the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of DMC Global during the 2nd quarter valued at about $25,000. 77.63% of the stock is 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.