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

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

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

DMC Global Trading Down 0.8 %

Shares of NASDAQ:BOOM opened at $7.40 on Friday. DMC Global has a 52 week low of $7.16 and a 52 week high of $19.73. The company’s 50 day moving average is $9.65 and its two-hundred day moving average is $11.76. The company has a market cap of $148.19 million, a PE ratio of -0.94 and a beta of 1.58. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The business had revenue of $152.43 million during the quarter, compared to analysts’ expectations of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period last year, the company earned $0.50 EPS. Equities analysts predict that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Meeder Asset Management Inc. purchased a new position in shares of DMC Global during the second quarter worth about $25,000. FMR LLC grew its stake in DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,334 shares during the last quarter. CWM LLC increased 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 worth $40,000 after buying an additional 2,553 shares during the period. Allspring Global Investments Holdings LLC increased its position in 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 buying an additional 4,231 shares during the period. Finally, Quest Partners LLC lifted its stake in 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 buying an additional 1,373 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.