DMC Global (NASDAQ:BOOM) Cut to “Sell” at StockNews.com

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

Separately, Stifel Nicolaus downgraded 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 report on Wednesday, November 20th.

DMC Global Price Performance

DMC Global stock opened at $7.40 on Friday. The stock has a market capitalization of $148.19 million, a P/E ratio of -0.94 and a beta of 1.58. DMC Global has a 12-month low of $7.16 and a 12-month high of $19.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The firm’s 50-day moving average is $9.65 and its two-hundred day moving average is $11.74.

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

Institutional Trading of DMC Global

Several institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in DMC Global in the second quarter valued at $25,000. FMR LLC raised 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 purchasing an additional 1,334 shares during the period. CWM LLC lifted its stake 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 valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of DMC Global by 315.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 4,231 shares during the period. Finally, Quest Partners LLC increased its position in DMC Global by 25.7% during the 3rd 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 in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

DMC Global Company Profile

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.