StockNews.com Lowers DMC Global (NASDAQ:BOOM) to Sell

StockNews.com lowered shares of DMC Global (NASDAQ:BOOMGet Rating) from a hold rating to a sell rating in a report released on Tuesday morning.

Separately, Roth Capital dropped their target price on shares of DMC Global from $50.00 to $35.00 in a research note on Tuesday, May 3rd.

DMC Global Stock Performance

DMC Global stock opened at $21.75 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.11 and a quick ratio of 0.93. The stock has a fifty day moving average price of $21.23 and a two-hundred day moving average price of $27.35. DMC Global has a 52-week low of $15.87 and a 52-week high of $47.46. The firm has a market capitalization of $424.06 million, a P/E ratio of -29.79, a P/E/G ratio of 2.59 and a beta of 1.56.

DMC Global (NASDAQ:BOOMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.20. The business had revenue of $138.70 million for the quarter, compared to the consensus estimate of $129.25 million. DMC Global had a negative net margin of 1.14% and a negative return on equity of 0.05%. The firm’s quarterly revenue was up 149.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, analysts anticipate that DMC Global will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin T. Longe sold 5,854 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $21.77, for a total transaction of $127,441.58. Following the completion of the transaction, the chief executive officer now owns 71,118 shares in the company, valued at $1,548,238.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of DMC Global by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 565,893 shares of the industrial products company’s stock worth $22,415,000 after purchasing an additional 13,052 shares in the last quarter. Royce & Associates LP lifted its position in shares of DMC Global by 139.0% in the first quarter. Royce & Associates LP now owns 326,468 shares of the industrial products company’s stock worth $9,957,000 after purchasing an additional 189,890 shares in the last quarter. Profund Advisors LLC lifted its position in shares of DMC Global by 18.3% in the fourth quarter. Profund Advisors LLC now owns 6,647 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 1,029 shares in the last quarter. Orchard Capital Managment LLC bought a new stake in shares of DMC Global in the fourth quarter worth $202,000. Finally, Monarch Partners Asset Management LLC lifted its position in shares of DMC Global by 9.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 66,100 shares of the industrial products company’s stock worth $2,618,000 after purchasing an additional 5,594 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.

About DMC Global

(Get Rating)

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

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