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

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a research report released on Friday morning.

BOOM has been the subject of a number of other reports. Roth Mkm reiterated a “buy” rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st. Stifel Nicolaus cut DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th.

DMC Global Stock Performance

Shares of BOOM stock opened at $7.40 on Friday. 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 has a 1 year low of $7.16 and a 1 year high of $19.73. The stock’s 50-day moving average is $11.10 and its two-hundred day moving average is $12.30. 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 issued its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The company had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same period in the prior year, the business earned $0.50 earnings per share. Analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

Hedge funds have recently bought and sold shares of the stock. Steel Partners Holdings L.P. boosted its stake in shares of DMC Global by 610.5% during the second 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 acquiring an additional 1,695,336 shares during the last quarter. Vanguard Group Inc. boosted 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 worth $24,551,000 after purchasing an additional 64,677 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DMC Global by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after buying an additional 112,138 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after buying an additional 49,849 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of DMC Global by 2.7% during the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after buying 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.