DMC Global (NASDAQ:BOOM) Price Target Lowered to $9.00 at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its target price decreased by Stifel Nicolaus from $9.50 to $9.00 in a research note published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.

Separately, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $6.21 on Tuesday. The firm has a market cap of $127.62 million, a P/E ratio of -0.79 and a beta of 1.41. The business’s 50 day moving average is $8.06 and its 200-day moving average is $8.62. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. DMC Global has a 1-year low of $5.73 and a 1-year high of $17.22.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.38. The firm had revenue of $152.37 million for the quarter, compared to analysts’ expectations of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. Equities research analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Several institutional investors and hedge funds have recently bought and sold shares of BOOM. Cooke & Bieler LP raised its position in shares of DMC Global by 3.1% in the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock valued at $12,888,000 after buying an additional 53,478 shares in the last quarter. Voss Capital LP increased its stake in DMC Global by 229.0% in the fourth quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company’s stock valued at $7,491,000 after acquiring an additional 709,413 shares during the last quarter. Ameriprise Financial Inc. raised its position in DMC Global by 325.7% during the fourth quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company’s stock valued at $6,412,000 after purchasing an additional 667,429 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in DMC Global by 9.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 563,443 shares of the industrial products company’s stock valued at $4,141,000 after purchasing an additional 50,211 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in DMC Global by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 2,339 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

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.