StockNews.com Downgrades DMC Global (NASDAQ:BOOM) to Sell

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 Tuesday.

Separately, Stifel Nicolaus downgraded shares of DMC Global from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Trading Up 1.9 %

Shares of NASDAQ:BOOM opened at $6.82 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. DMC Global has a 1 year low of $6.64 and a 1 year high of $19.73. The company has a market cap of $136.58 million, a P/E ratio of -0.86 and a beta of 1.58. The stock’s fifty day moving average price is $8.64 and its 200-day moving average price is $11.44.

DMC Global (NASDAQ:BOOM) last posted its 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 for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the prior year, the company posted $0.50 EPS. Sell-side analysts expect that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in DMC Global by 202.7% during the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after buying an additional 169,150 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $15,219,000 after acquiring an additional 112,138 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of DMC Global by 25.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after acquiring an additional 80,774 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of DMC Global during the 2nd quarter valued at $1,090,000. Finally, American Century Companies Inc. raised its holdings in DMC Global by 97.0% in the 2nd quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 26,085 shares during the period. Hedge funds and other institutional investors 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.