DMC Global (NASDAQ:BOOM – Get Free Report) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other research firms have also weighed in on BOOM. Weiss Ratings reissued a “sell (d-)” rating on shares of DMC Global in a report on Wednesday, August 19th. Zacks Research upgraded DMC Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Finally, Stifel Nicolaus upped their target price on shares of DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, DMC Global has a consensus rating of “Moderate Buy” and an average price target of $9.00.
Get Our Latest Research Report on BOOM
DMC Global Stock Performance
NASDAQ:BOOM opened at $9.35 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 1.24. The company’s 50-day simple moving average is $6.22 and its 200 day simple moving average is $6.57. DMC Global has a one year low of $4.69 and a one year high of $9.47. The firm has a market capitalization of $192.05 million, a P/E ratio of -38.96 and a beta of 1.65.
DMC Global (NASDAQ:BOOM – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.37. The business had revenue of $172.83 million during the quarter, compared to analyst estimates of $161.10 million. DMC Global had a negative net margin of 1.15% and a negative return on equity of 2.13%. As a group, analysts forecast that DMC Global will post 0.35 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in DMC Global in the 2nd quarter valued at $2,875,000. Hunter Associates Investment Management LLC increased its stake in DMC Global by 12.2% during the 1st quarter. Hunter Associates Investment Management LLC now owns 332,985 shares of the industrial products company’s stock worth $1,737,000 after purchasing an additional 36,075 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of DMC Global in the second quarter valued at approximately $691,000. Strs Ohio boosted its holdings in shares of DMC Global by 20.6% in the 1st quarter. Strs Ohio now owns 105,800 shares of the industrial products company’s stock valued at $551,000 after buying an additional 18,100 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of DMC Global in the second quarter valued at about $474,000. Institutional investors and hedge funds own 77.63% of the company’s stock.
About DMC Global
DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.
Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.
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