DMC Global (NASDAQ:BOOM) Issues Earnings Results

DMC Global (NASDAQ:BOOM) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.16, FiscalAI reports. DMC Global had a negative return on equity of 6.02% and a negative net margin of 4.28%.

DMC Global Stock Performance

DMC Global stock traded down $0.04 during trading hours on Wednesday, hitting $5.42. The company had a trading volume of 477,650 shares, compared to its average volume of 312,566. DMC Global has a one year low of $4.69 and a one year high of $9.20. The firm has a 50-day moving average of $6.56 and a 200 day moving average of $6.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.39 and a quick ratio of 1.07. The firm has a market cap of $110.95 million, a PE ratio of -4.27 and a beta of 1.74.

Analyst Ratings Changes

BOOM has been the topic of several analyst reports. Wall Street Zen raised DMC Global from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research raised DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of DMC Global in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.50.

Institutional Investors Weigh In On DMC Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC grew its stake in shares of DMC Global by 0.3% in the second quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock valued at $4,467,000 after acquiring an additional 1,755 shares in the last quarter. Barclays PLC increased its position in DMC Global by 5.6% during the fourth quarter. Barclays PLC now owns 36,964 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 1,969 shares during the period. Quarry LP acquired a new stake in DMC Global in the 3rd quarter worth about $31,000. Invesco Ltd. raised its stake in DMC Global by 11.3% in the 4th quarter. Invesco Ltd. now owns 50,783 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 5,141 shares in the last quarter. Finally, Man Group plc boosted its holdings in DMC Global by 5.9% in the 3rd quarter. Man Group plc now owns 94,939 shares of the industrial products company’s stock valued at $802,000 after purchasing an additional 5,281 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

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.