DMC Global (NASDAQ:BOOM) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a research note published on Thursday morning.

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

DMC Global Stock Performance

NASDAQ BOOM opened at $8.01 on Thursday. The firm’s 50-day moving average is $10.18 and its two-hundred day moving average is $11.94. DMC Global has a 12 month low of $7.16 and a 12 month high of $19.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The stock has a market capitalization of $160.44 million, a P/E ratio of -1.02 and a beta of 1.58.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $152.00 million. During the same period last year, the firm posted $0.50 earnings per share. On average, sell-side analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

Several institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in DMC Global during the 2nd quarter worth approximately $25,000. FMR LLC increased its position in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the period. CWM LLC increased its position in shares of DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 2,553 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of DMC Global by 315.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 4,231 shares during the period. Finally, Quest Partners LLC raised its stake in shares of DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 1,373 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

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.