StockNews.com Upgrades DMC Global (NASDAQ:BOOM) to “Hold”

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

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their price target on DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Roth Mkm reissued a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Trading Down 2.6 %

Shares of NASDAQ:BOOM opened at $8.02 on Thursday. 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 company’s 50-day moving average price is $11.41 and its 200 day moving average price is $12.55. The company has a market cap of $160.61 million, a PE ratio of -1.02 and a beta of 1.66. DMC Global has a fifty-two week low of $7.96 and a fifty-two week high of $19.73.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same period last year, the firm posted $0.50 EPS. Sell-side analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

Hedge funds have recently modified their holdings of the company. Kennedy Capital Management LLC lifted its holdings in shares of DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after buying an additional 49,849 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of DMC Global by 25.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after purchasing an additional 80,774 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of DMC Global by 202.7% in the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock worth $3,642,000 after purchasing an additional 169,150 shares during the last quarter. CWM LLC raised its holdings in shares of DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in DMC Global during the second quarter valued at approximately $1,090,000. 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.