DMC Global (NASDAQ:BOOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DMC Global (NASDAQ:BOOM) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Zacks Research upgraded DMC Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of DMC Global in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus boosted their price objective on shares of DMC Global from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, DMC Global presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

DMC Global Trading Down 1.2%

Shares of DMC Global stock opened at $9.24 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.56. The firm has a 50-day moving average of $6.26 and a 200-day moving average of $6.58. DMC Global has a 52-week low of $4.69 and a 52-week high of $9.79. The stock has a market cap of $189.80 million, a PE ratio of -38.50 and a beta of 1.80.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.37. The business had revenue of $172.83 million for the quarter, compared to analyst estimates of $161.10 million. DMC Global had a negative net margin of 1.15% and a negative return on equity of 2.13%. As a group, sell-side analysts forecast that DMC Global will post 0.35 EPS for the current year.

Institutional Trading of DMC Global

Several hedge funds and other institutional investors have recently made changes to their positions in BOOM. Lakewood Asset Management LLC raised its stake in shares of DMC Global by 10.0% during the third quarter. Lakewood Asset Management LLC now owns 26,688 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 2,432 shares during the last quarter. Squarepoint Ops LLC acquired a new position in DMC Global during the 2nd quarter worth about $296,000. AXQ Capital LP bought a new stake in shares of DMC Global in the 2nd quarter valued at about $101,000. Susquehanna International Group LLP grew its position in shares of DMC Global by 63.6% in the 2nd quarter. Susquehanna International Group LLP now owns 50,341 shares of the industrial products company’s stock valued at $292,000 after buying an additional 19,566 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of DMC Global in the second quarter valued at about $213,000. 77.63% of the stock is currently owned by institutional investors.

DMC Global Company Profile

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.