DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 9.5% in July

DMC Global Inc. (NASDAQ:BOOM) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 436,100 shares, a decline of 9.5% from the July 15th total of 481,900 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 307,600 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On DMC Global

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DMC Global during the second quarter worth $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global during the first quarter worth $26,000. CWM LLC raised its position in shares of DMC Global by 1,245.4% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after buying an additional 2,553 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of DMC Global in the fourth quarter worth about $113,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BOOM has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on DMC Global from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Roth Mkm restated a “buy” rating and issued a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of DMC Global from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

DMC Global Stock Performance

NASDAQ:BOOM traded down $0.14 during trading hours on Tuesday, hitting $11.60. 4,699 shares of the company were exchanged, compared to its average volume of 267,482. The company’s 50 day moving average price is $13.54 and its 200-day moving average price is $15.30. The stock has a market capitalization of $231.79 million, a price-to-earnings ratio of 9.62 and a beta of 1.66. DMC Global has a 52-week low of $11.12 and a 52-week high of $27.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a return on equity of 6.09% and a net margin of 2.29%. The business had revenue of $171.18 million for the quarter, compared to analyst estimates of $165.45 million. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, research analysts forecast that DMC Global will post 0.97 earnings per share for the current year.

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.