DMC Global (NASDAQ:BOOM) Upgraded at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a report published on Wednesday morning.

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

DMC Global Trading Down 0.1 %

Shares of BOOM stock opened at $8.48 on Wednesday. DMC Global has a 12 month low of $6.64 and a 12 month high of $19.72. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $7.86 and its two-hundred day moving average is $9.57. The company has a market cap of $169.82 million, a PE ratio of -1.07 and a beta of 1.59.

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

Institutional Investors Weigh In On DMC Global

Several hedge funds and other institutional investors have recently modified their holdings of BOOM. Voss Capital LP grew its stake in shares of 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 worth $7,491,000 after acquiring an additional 709,413 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of DMC Global by 325.7% in the fourth quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company’s stock worth $6,412,000 after acquiring an additional 667,429 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of DMC Global in the fourth quarter worth $1,443,000. Hunter Associates Investment Management LLC boosted its stake in DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after buying an additional 67,410 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in DMC Global during the fourth quarter worth $397,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

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.