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

DMC Global (NASDAQ:BOOM) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.00 to $8.00 in a research note on Wednesday.

DMC Global Trading Down 2.2 %

NASDAQ BOOM opened at $7.40 on Friday. DMC Global has a one year low of $7.16 and a one year high of $19.73. The firm has a market cap of $148.19 million, a PE ratio of -0.94 and a beta of 1.66. The firm’s fifty day moving average is $11.10 and its two-hundred day moving average is $12.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same quarter last year, the firm earned $0.50 EPS. Analysts expect that DMC Global will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Meeder Asset Management Inc. acquired a new position in DMC Global during the second quarter worth about $25,000. FMR LLC grew its holdings in shares of DMC Global by 146.1% in the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the period. CWM LLC grew 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 acquiring an additional 2,553 shares during the period. Allspring Global Investments Holdings LLC increased its stake in DMC Global by 315.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 4,231 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 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.