DMC Global (NASDAQ:BOOM) Raised to “Hold” at Zacks Research

DMC Global (NASDAQ:BOOM) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.50.

DMC Global Price Performance

Shares of NASDAQ:BOOM opened at $7.01 on Monday. The stock has a market capitalization of $144.34 million, a P/E ratio of -14.91 and a beta of 1.49. The business has a 50-day moving average of $6.49 and a two-hundred day moving average of $7.20. DMC Global has a fifty-two week low of $5.46 and a fifty-two week high of $9.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.41.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). DMC Global had a positive return on equity of 1.89% and a negative net margin of 1.69%.The company had revenue of $151.53 million during the quarter, compared to analyst estimates of $145.90 million. On average, equities research analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Insider Activity at DMC Global

In other news, insider James Schladen sold 17,718 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total transaction of $106,308.00. Following the sale, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of DMC Global

Institutional investors have recently made changes to their positions in the business. Cooke & Bieler LP lifted its stake in DMC Global by 0.7% during the second quarter. Cooke & Bieler LP now owns 1,977,803 shares of the industrial products company’s stock worth $15,941,000 after purchasing an additional 14,150 shares during the period. Ameriprise Financial Inc. boosted its stake in DMC Global by 3.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company’s stock valued at $7,443,000 after buying an additional 33,539 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in DMC Global by 12.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company’s stock valued at $5,665,000 after buying an additional 75,416 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of DMC Global by 159.3% during the second quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock valued at $4,865,000 after acquiring an additional 370,833 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of DMC Global by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock valued at $4,467,000 after purchasing an additional 1,755 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

DMC Global Company Profile

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.