DMC Global (NASDAQ:BOOM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

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

DMC Global Stock Up 8.1 %

NASDAQ BOOM opened at $8.56 on Monday. The business has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $9.92. 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 fifty-two week low of $6.64 and a fifty-two week high of $19.72. The stock has a market capitalization of $171.46 million, a PE ratio of -1.08 and a beta of 1.59.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOOM. Hunter Associates Investment Management LLC raised its position in DMC Global by 19.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 67,410 shares during the last quarter. Cooke & Bieler LP raised its position in DMC Global by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock worth $12,888,000 after purchasing an additional 53,478 shares during the last quarter. JPMorgan Chase & Co. raised its position in DMC Global by 92.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after purchasing an additional 45,722 shares during the last quarter. Olympiad Research LP grew its holdings in DMC Global by 121.8% during the 3rd quarter. Olympiad Research LP now owns 38,314 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 21,037 shares during the period. Finally, Barclays PLC grew its stake in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after buying an additional 19,901 shares during the period. 77.63% of the stock is owned by 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.