DMC Global (NASDAQ:BOOM) Rating Lowered to Sell at 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 Tuesday.

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

DMC Global Price Performance

BOOM stock opened at $6.82 on Tuesday. 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 has a 1 year low of $6.64 and a 1 year high of $19.73. The firm has a 50-day moving average of $8.64 and a 200 day moving average of $11.44. The company has a market cap of $136.58 million, a P/E ratio of -0.86 and a beta of 1.58.

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 positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. During the same period in the prior year, the company posted $0.50 EPS. On average, sell-side analysts forecast that DMC Global will post -0.23 EPS for the current year.

Institutional Trading of DMC Global

Several hedge funds and other institutional investors have recently made changes to their positions in BOOM. AQR Capital Management LLC boosted its holdings in DMC Global by 202.7% in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of DMC Global by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 112,138 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in DMC Global by 25.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after purchasing an additional 80,774 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in DMC Global during the 2nd quarter valued at about $1,090,000. Finally, American Century Companies Inc. increased its stake in DMC Global by 97.0% during the 2nd quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company’s stock valued at $764,000 after purchasing an additional 26,085 shares in the last quarter. 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.