DMC Global (NASDAQ:BOOM) Stock Rating Lowered by StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other brokerages have also recently weighed in on BOOM. Stifel Nicolaus cut DMC Global from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Trading Up 4.1 %

BOOM stock opened at $7.57 on Friday. 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 12-month low of $7.16 and a 12-month high of $19.73. The stock has a market cap of $151.63 million, a price-to-earnings ratio of -0.96 and a beta of 1.66. The business’s 50-day moving average is $11.17 and its 200 day moving average is $12.35.

DMC Global (NASDAQ:BOOM) last issued its 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). The company had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same quarter in the prior year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Trading of DMC Global

A number of large investors have recently modified their holdings of the stock. Barclays PLC increased its position in shares of DMC Global by 291.0% during the third quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 19,901 shares during the period. Villanova Investment Management Co LLC increased its holdings in DMC Global by 14.8% in the third quarter. Villanova Investment Management Co LLC now owns 132,939 shares of the industrial products company’s stock valued at $1,726,000 after buying an additional 17,110 shares during the last quarter. State Street Corp increased its holdings in DMC Global by 2.7% in 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 last quarter. Integrated Wealth Concepts LLC purchased a new position in DMC Global in the third quarter valued at $130,000. Finally, FMR LLC increased its holdings in DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares during the last quarter. Hedge funds and other 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.