DMC Global (NASDAQ:BOOM) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

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

DMC Global Stock Down 2.3 %

DMC Global stock opened at $8.85 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The firm has a market capitalization of $177.25 million, a price-to-earnings ratio of -1.12 and a beta of 1.59. DMC Global has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. The stock’s fifty day moving average is $7.80 and its two-hundred day moving average is $9.59.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million for the quarter, compared to analyst estimates of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. Analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Trading of DMC Global

A number of large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in DMC Global during the fourth quarter worth about $288,000. Squarepoint Ops LLC purchased a new position in DMC Global during the fourth quarter worth about $153,000. Man Group plc lifted its position in DMC Global by 16.4% during the fourth quarter. Man Group plc now owns 43,619 shares of the industrial products company’s stock worth $321,000 after buying an additional 6,141 shares during the period. Invenomic Capital Management LP purchased a new position in DMC Global during the fourth quarter worth about $1,443,000. Finally, Graham Capital Management L.P. purchased a new position in DMC Global during the fourth quarter worth about $238,000. Institutional investors and hedge funds 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.