Dmc Global (NASDAQ:BOOM) Stock Rating Upgraded by BidaskClub

Dmc Global (NASDAQ:BOOM) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

A number of other brokerages have also recently issued reports on BOOM. Zacks Investment Research downgraded shares of Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, June 11th. Stifel Nicolaus dropped their price target on shares of Dmc Global from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Stephens raised their price objective on shares of Dmc Global from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Dmc Global has an average rating of “Hold” and an average target price of $38.25.

Shares of BOOM stock opened at $29.38 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.39 and a debt-to-equity ratio of 0.06. The firm has a market cap of $433.91 million, a P/E ratio of 18.25 and a beta of 1.09. The company has a 50 day moving average of $28.31 and a 200-day moving average of $30.68. Dmc Global has a 12-month low of $20.15 and a 12-month high of $54.15.

Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, July 23rd. The industrial products company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.16). The firm had revenue of $43.20 million during the quarter, compared to analysts’ expectations of $44.25 million. Dmc Global had a return on equity of 13.92% and a net margin of 0.04%. As a group, equities analysts expect that Dmc Global will post -0.08 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Dmc Global by 20.5% in the second quarter. Comerica Bank now owns 17,079 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 2,903 shares during the period. Viking Fund Management LLC bought a new position in Dmc Global in the 2nd quarter valued at $1,380,000. SG Americas Securities LLC boosted its holdings in Dmc Global by 74.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,768 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 4,163 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Dmc Global in the second quarter worth $375,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Dmc Global in the second quarter worth $268,000.

About Dmc Global

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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