Stifel Nicolaus Issues Pessimistic Forecast for DMC Global (NASDAQ:BOOM) Stock Price

DMC Global (NASDAQ:BOOM) had its target price decreased by analysts at Stifel Nicolaus from $9.50 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 43.88% from the company’s previous close.

Separately, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

DMC Global Trading Down 1.3 %

DMC Global stock traded down $0.09 during mid-day trading on Tuesday, hitting $6.26. The company’s stock had a trading volume of 45,421 shares, compared to its average volume of 209,580. The stock’s fifty day moving average is $8.09 and its two-hundred day moving average is $8.64. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $128.55 million, a PE ratio of -0.79 and a beta of 1.41. DMC Global has a 1 year low of $6.02 and a 1 year high of $17.22.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $152.37 million during the quarter, compared to the consensus estimate of $140.50 million. On average, analysts anticipate that DMC Global will post -0.23 EPS for the current year.

Institutional Trading of DMC Global

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in DMC Global by 92.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 45,722 shares during the period. Barclays PLC raised its stake in shares of DMC Global by 291.0% in the third quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 19,901 shares in the last quarter. State Street Corp boosted its holdings in DMC Global by 2.7% in the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after purchasing an additional 10,561 shares during the period. Hunter Associates Investment Management LLC grew its stake in DMC Global by 19.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 67,410 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in DMC Global by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,654 shares during the period. 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.