DMC Global (NASDAQ:BOOM) Stock Rating Lowered by Stifel Nicolaus

Stifel Nicolaus downgraded shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research note published on Wednesday, MarketBeat Ratings reports. Stifel Nicolaus currently has $8.00 price target on the industrial products company’s stock, down from their prior price target of $16.00.

Several other equities analysts have also commented on the stock. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reaffirmed a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Price Performance

Shares of BOOM opened at $7.40 on Wednesday. DMC Global has a twelve month low of $7.16 and a twelve month high of $19.73. The company has a 50 day moving average of $11.10 and a two-hundred day moving average of $12.31. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The company has a market cap of $148.19 million, a price-to-earnings ratio of -0.94 and a beta of 1.66.

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

Hedge Funds Weigh In On DMC Global

Several institutional investors and hedge funds have recently bought and sold shares of BOOM. Steel Partners Holdings L.P. grew its stake in DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after buying an additional 1,695,336 shares during the period. AQR Capital Management LLC boosted its stake in DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 169,150 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after acquiring an additional 112,138 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after purchasing an additional 80,774 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of DMC Global during the second quarter worth $1,090,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

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.