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

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

Several other analysts have also commented on the stock. Roth Mkm reissued a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st. Stifel Nicolaus reduced their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 11th.

DMC Global Price Performance

BOOM stock traded up $0.63 on Wednesday, hitting $9.88. 441,259 shares of the company’s stock traded hands, compared to its average volume of 263,085. DMC Global has a 1-year low of $8.60 and a 1-year high of $19.73. The stock has a market cap of $198.00 million, a price-to-earnings ratio of 13.00 and a beta of 1.66. The stock has a fifty day moving average of $11.88 and a 200-day moving average of $12.95. 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 (NASDAQ:BOOM) last released 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). DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The business had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same period in the prior year, the company earned $0.50 earnings per share. On average, analysts forecast that DMC Global will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently made changes to their positions in BOOM. Steel Partners Holdings L.P. lifted its position in shares of DMC Global by 610.5% in the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock valued at $28,451,000 after acquiring an additional 1,695,336 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of DMC Global by 202.7% in the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 169,150 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $15,219,000 after acquiring an additional 112,138 shares in the last quarter. Pacific Ridge Capital Partners LLC increased 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 valued at $5,656,000 after buying an additional 80,774 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in DMC Global in the 2nd quarter valued at approximately $1,090,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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.