DMC Global (NASDAQ:BOOM) Upgraded by StockNews.com to Hold Rating

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

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

DMC Global Stock Down 0.1 %

Shares of NASDAQ BOOM opened at $8.48 on Wednesday. The stock has a market cap of $169.82 million, a PE ratio of -1.07 and a beta of 1.59. The business has a fifty day moving average of $7.86 and a two-hundred day moving average of $9.57. DMC Global has a 52-week low of $6.64 and a 52-week high of $19.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

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

Hedge Funds Weigh In On DMC Global

Institutional investors have recently modified their holdings of the stock. Cooke & Bieler LP grew its position in shares of DMC Global by 3.1% in the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock valued at $12,888,000 after purchasing an additional 53,478 shares during the period. Voss Capital LP raised its stake in shares of DMC Global by 229.0% during the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company’s stock worth $7,491,000 after purchasing an additional 709,413 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DMC Global by 325.7% during the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company’s stock worth $6,412,000 after purchasing an additional 667,429 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of DMC Global by 9.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 563,443 shares of the industrial products company’s stock worth $4,141,000 after purchasing an additional 50,211 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of DMC Global by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 2,339 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.