DMC Global (NASDAQ:BOOM) Downgraded to Sell Rating by StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities research analysts have also weighed in on BOOM. Roth Mkm restated a “buy” rating and issued a $24.00 price objective on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus lowered their price objective on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 11th.

DMC Global Price Performance

BOOM stock opened at $9.50 on Wednesday. The firm has a 50 day moving average of $11.79 and a 200-day moving average of $12.91. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. DMC Global has a 12 month low of $8.60 and a 12 month high of $19.73. The firm has a market capitalization of $190.38 million, a P/E ratio of -1.20 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.31%. The company had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. As a group, sell-side analysts predict that DMC Global will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global in the 1st quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of DMC Global in the 2nd quarter worth about $25,000. CWM LLC grew its position in shares of DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after buying an additional 2,553 shares during the period. Quest Partners LLC grew its position in shares of DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,373 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of DMC Global by 68.4% in the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock worth $191,000 after buying an additional 3,974 shares during the period. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.