DMC Global (NASDAQ:BOOM) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a report released on Friday morning.

Other analysts also recently issued reports about the stock. Roth Mkm restated a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.00 to $8.00 in a report on Wednesday.

DMC Global Price Performance

Shares of BOOM stock opened at $7.40 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.37 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 firm has a fifty day moving average of $11.10 and a 200-day moving average of $12.31. The firm has a market capitalization of $148.22 million, a price-to-earnings ratio of -0.94 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last posted 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 business had revenue of $152.43 million for the quarter, compared to the consensus estimate 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 posted $0.50 earnings per share. On average, equities research analysts forecast that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steel Partners Holdings L.P. grew its stake in shares of DMC Global by 610.5% during the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after acquiring an additional 1,695,336 shares in the last quarter. Vanguard Group Inc. grew its position in DMC Global by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after purchasing an additional 64,677 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after buying an additional 112,138 shares in the last quarter. Kennedy Capital Management LLC lifted its position in DMC Global by 8.5% during the 1st quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock worth $12,364,000 after buying an additional 49,849 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of DMC Global by 2.7% during the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after buying an additional 10,561 shares during the last quarter. Institutional investors and hedge funds 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.