DMC Global (NASDAQ:BOOM) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other equities analysts have also commented on BOOM. Stifel Nicolaus boosted their price objective on shares of DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of DMC Global in a research note on Friday, May 22nd. Finally, Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

DMC Global Stock Performance

Shares of BOOM stock opened at $7.66 on Friday. DMC Global has a one year low of $4.69 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56. The company has a 50 day moving average price of $6.55 and a 200 day moving average price of $6.61. The firm has a market capitalization of $157.34 million, a price-to-earnings ratio of -8.24 and a beta of 1.74.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.19. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. The firm had revenue of $156.95 million for the quarter, compared to analyst estimates of $148.97 million. Sell-side analysts anticipate that DMC Global will post -0.02 EPS for the current year.

Hedge Funds Weigh In On DMC Global

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL grew its stake in shares of DMC Global by 427.8% in the third quarter. Tudor Investment Corp ET AL now owns 120,937 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 98,023 shares in the last quarter. Van Den Berg Management I Inc. bought a new position in DMC Global in the 3rd quarter valued at about $86,000. Quarry LP acquired a new position in DMC Global during the 3rd quarter valued at about $31,000. Bank of New York Mellon Corp bought a new stake in shares of DMC Global during the 2nd quarter worth about $122,000. Finally, Bank of America Corp DE lifted its stake in shares of DMC Global by 9.5% in the 1st quarter. Bank of America Corp DE now owns 18,641 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 1,623 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.