DMC Global (NASDAQ:BOOM) Lowered to “Hold” Rating by Stifel Nicolaus

Stifel Nicolaus lowered shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a report issued on Wednesday morning, MarketBeat.com reports. They currently have $8.00 price objective on the industrial products company’s stock, down from their prior price objective of $16.00.

A number of other brokerages have also weighed in on BOOM. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reiterated a “buy” rating and set a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Stock Down 3.7 %

DMC Global stock opened at $7.27 on Wednesday. The business has a fifty day moving average price of $11.23 and a 200-day moving average price of $12.39. DMC Global has a 1-year low of $7.26 and a 1-year high of $19.73. The stock has a market capitalization of $145.59 million, a price-to-earnings ratio of -0.92 and a beta of 1.66. 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 (NASDAQ:BOOM) last issued its quarterly earnings results 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 business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same quarter in the previous year, the firm posted $0.50 EPS. Equities research analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC boosted its holdings in DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after purchasing an additional 49,849 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of DMC Global by 25.9% in 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 buying an additional 80,774 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 worth $3,642,000 after acquiring an additional 169,150 shares during the period. CWM LLC raised its position in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in DMC Global in the second quarter valued at approximately $1,090,000. Hedge funds and other institutional investors 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.