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

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a report published on Monday morning.

Separately, Stifel Nicolaus reduced their price objective on DMC Global from $27.00 to $24.00 and set a buy rating on the stock in a research report on Monday.

DMC Global Price Performance

DMC Global stock opened at $13.46 on Monday. The company has a quick ratio of 1.12, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $17.34 and its 200 day simple moving average is $17.37. DMC Global has a 52 week low of $12.96 and a 52 week high of $27.16. The firm has a market capitalization of $268.93 million, a PE ratio of 11.03 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.07). DMC Global had a net margin of 3.61% and a return on equity of 8.21%. The business had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, equities research analysts predict that DMC Global will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of institutional investors have recently modified their holdings of BOOM. SG Americas Securities LLC purchased a new stake in DMC Global in the 3rd quarter worth approximately $173,000. Bailard Inc. purchased a new stake in shares of DMC Global in the third quarter valued at $216,000. New York State Teachers Retirement System acquired a new position in DMC Global in the third quarter valued at $42,000. Panagora Asset Management Inc. increased its stake in DMC Global by 167.8% in the third quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company’s stock valued at $2,974,000 after purchasing an additional 76,159 shares during the last quarter. Finally, Olympiad Research LP purchased a new position in DMC Global during the third quarter worth about $262,000. Institutional investors and hedge funds 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.