DMC Global (NASDAQ:BOOM) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of DMC Global (NASDAQ:BOOM) from a hold rating to a strong sell rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also recently weighed in on BOOM. Wall Street Zen cut shares of DMC Global from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Weiss Ratings restated a “sell (d)” rating on shares of DMC Global in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, DMC Global presently has an average rating of “Sell” and a consensus target price of $8.50.

DMC Global Stock Down 2.4%

NASDAQ BOOM traded down $0.15 on Thursday, reaching $6.04. The company had a trading volume of 242,618 shares, compared to its average volume of 199,697. The company’s fifty day moving average is $7.61 and its 200-day moving average is $7.42. The firm has a market capitalization of $124.31 million, a price-to-earnings ratio of -0.70 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.34 and a current ratio of 2.76. DMC Global has a 1-year low of $5.78 and a 1-year high of $9.92.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). DMC Global had a negative net margin of 17.54% and a negative return on equity of 1.27%. The firm had revenue of $151.53 million during the quarter, compared to the consensus estimate of $145.90 million. DMC Global has set its Q4 2025 guidance at EPS. On average, research analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in DMC Global by 236.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 4,823 shares during the period. Jump Financial LLC acquired a new position in shares of DMC Global during the 2nd quarter worth approximately $86,000. SG Americas Securities LLC bought a new position in shares of DMC Global during the third quarter worth approximately $91,000. BNP Paribas Financial Markets raised its position in shares of DMC Global by 908.0% in the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after buying an additional 10,406 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in shares of DMC Global in the first quarter valued at approximately $100,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.