DMC Global (NASDAQ:BOOM) Rating Lowered to Sell at StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th.

DMC Global Stock Performance

Shares of BOOM opened at $7.40 on Friday. The company’s 50 day simple moving average is $9.65 and its 200-day simple moving average is $11.74. DMC Global has a 12-month low of $7.16 and a 12-month high of $19.73. The firm has a market cap of $148.19 million, a PE ratio of -0.94 and a beta of 1.58. 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 (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) 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 business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period in the previous year, the business posted $0.50 earnings per share. As a group, equities analysts predict that DMC Global will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOOM. Los Angeles Capital Management LLC boosted its position in shares of DMC Global by 5.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,120 shares in the last quarter. FMR LLC boosted its holdings in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,334 shares in the last quarter. Quest Partners LLC grew its position in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,373 shares during the period. Rhumbline Advisers increased its holdings in DMC Global by 5.4% in the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after buying an additional 1,648 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of DMC Global during the 2nd quarter valued at approximately $25,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.